Capital Programmes - Print version

Local Growth Fund (Growth Deal)

The Coventry & Warwickshire Local Growth Fund was a £131.8m capital infrastructure fund that was awarded to the Coventry & Warwickshire Local Enterprise Partnership by the Government in 2014. The programme ran from 2015-2021.

The Local Growth Fund has successfully aided 40 projects through to completion throughout the Coventry and Warwickshire area, supporting work in a number of areas including skills, transport, business support and public infrastructure. It has also provided funding towards Coventry City of Culture 2021 and The Commonwealth Games in 2022.

The programme is still delivering significant outputs for the locality including significant numbers of jobs, new apprenticeships, new commercial and retail space. To date the programme has been directly responsible for over 300 jobs being created or safeguarded and over 4,000 Houses being built in the region.

Coventry City Council operates as the Accountable Body for the funding on behalf of the CWLEP.  Although the funding has been spent the Capital Programmes Team is still monitoring the programme to ensure smooth delivery of all projects.

Visit the CWLEP website for details of projects that benefitted from Local Growth Fund [https://www.cwlep.com/funding/growth-deal].

Getting Building Fund (GBF)

In August 2020, the Government announced a £900 million Getting Building Fund to deliver jobs, skills and infrastructure across the country. This investment is being targeted in areas facing the biggest economic challenges as a result of the pandemic. It is supporting the delivery of shovel-ready infrastructure projects, to boost economic growth, and fuel local recovery and jobs.

Coventry and Warwickshire were awarded £19.825m to aid the recovery from the pandemic in the region. Projects include Warwickshire Cycle Expansion network, Stratford Upon Avon College’s Media Training Centre, Very Light Rail Project and continued support to complete the Cultural Capital Programme which also supported Coventry during the City of Culture year in 2021.

The programme is delivering significant outputs for the region, including 700 jobs created or safeguarded, 229 Apprenticeships, 13.2km of new cycle pathways and over 160 Electronic Vehicle charging points to encourage the uptake in Electronic Vehicles.

Coventry City Council operates as the Accountable Body for the funding on behalf of the CWLEP and the West Midland Combined Authority.

Visit the CWLEP website [https://www.cwlep.com/funding/getting-building-fund] for further information on the projects funded in our region.