What's a Growth Deal?
Growth Deals are government schemes that provide funds to LEPs for projects that benefit the local area and economy. We’ve made three successful applications for Growth Deal funding so far, which has provided us with the money we need to make improvements throughout the region.
In February 2017, we were able to confirm funding of £29.13 million, which has been split between three key projects:
In January 2015, we were delighted to confirm £15 million of funding in January 2015, which has seen up to 6,000 jobs being created or safeguarded, and approximately 400 new homes built, along with the potential to generate up to £220 million in public and private investment within Gloucestershire.
Improvement to Gloucestershire Airport infrastructure – £550,000
Funding for Gloucestershire Airport enabled a new road to be built, a development which will bring further investment into the county, encourage skilled jobs to the region, and attract expanding and relocating businesses to Gloucestershire.
Blackfriars and Quayside regeneration – £4.13 million
We are funding a sustainable and viable development of this key 2.53-hectare Gloucester city centre site for domestic and commercial use.
Agri-tech facilities at Farm491 – £2.92 million
Developed as a co-working environment for innovators to grow their businesses by applying technology to agriculture, the Farm491 hub will provide high-spec facilities to foster entrepreneurship, ideas and collaboration.
Retail entrepreneurship support – £400,000
Support for retail entrepreneurship and provision of high street incubation space in Gloucestershire.
Additions to the planned Gloucestershire Renewable Energy, Engineering and Nuclear skills centre at Berkeley – £7 million total, including the following:
A new Cyber Security Training and Conference Centre to build Gloucestershire’s skills base in this fast-growing sector – £3 million
An Advanced Renewable Energy Resource Centre for science, technology, engineering and mathematics (STEM) skills development, experimental research and specialist business and domestic market support in renewables – £4 million
Following our initial proposal, we were granted £62.5 million in July 2014, helping to create up to 5,000 jobs and generate up to £40 million in public and private investment. This deal is part of our wider Strategic Economic Plan (SEP), which is currently leading to the creation of 34,000 jobs in the region.
The Growth Hub is a unique partnership between the University of Gloucestershire and GFirst LEP to enable businesses to achieve their true growth potential. Opened in October 2014, The Growth Hub offers physical access to the county’s business support services and provides a central workspace, meeting place and educational facility for local businesses.
Funding is currently in place for the next phase of The Growth Hub’s physical development, as well as its expansion into 31 local libraries.
The Gloucestershire Renewable Energy, Engineering & Nuclear (GREEN) Skills Project is a partnership between GFirst LEP and South Gloucestershire and Stroud College. GREEN is a world-class centre of excellence for science, technology, engineering and mathematics (STEM) training, providing workforce development training and apprenticeship opportunities, and is based at the decommissioned Berkeley power station site.
The Growth Zone
The Growth Zone allows us to further develop the availability of employment land along the M5 corridor, attracting and retaining high-value-added businesses by providing valuable space and the necessary transport infrastructure for business expansion.
Our initial focus is on development at junction 9 and junction 10 of the M5, and, in particular, the opportunity provided by the Ashchurch Ministry of Defence site near Tewkesbury.
In addition to the projects above, the government also confirmed investment in major infrastructure schemes across Gloucestershire:
The Gloucestershire Growth Deal also ensures that the Highways Agency is committed to working with Gloucestershire County Council to develop a compelling business case to secure funding to address the A417 Missing Link.
Gloucestershire Growth Deal
Our initial Growth Deal proposal
Growth Deal Projects Dashboard
Updated August 2017
Growth Deal Projects Forward Look
Updated August 2017
Growth Deal Projects Summary
Updated August 2017
Growth Deal 3 Submission
Details of our third Growth Deal submission and what we intend to achieve
13 December 2017
Meet the Future
On Tuesday 5th December, GFirst LEP hosted a question time panel event at EDF Energy in Barnwood. Green Gourmet Founder and Executive Chair, Adam Starkey, Gloucestershire’s leading futurist, chaired the event. Other guest speakers included; Rob Loveday, Nigel Jobson, Lorrin White and John Henry Looney.
12 December 2017
New European Funding Call Open for Specialist Support for the Manufacturing Sector
The European Regional Development Fund call offers up to £500,000 to organisations to deliver specialist business support for the manufacturing sector.
12 December 2017
New Growth Hub and Business School Topping out Ceremony
Last week GFirst Staff and board members attended a Topping Out ceremony at the top of the new Growth Hub and Business School. Topping Out is a ceremony that marks the structural completion of a building, it is performed to ensure that no evil spirits are trapped in the building when the envelope is sealed, and that prosperity and good luck for the future will ensue. It takes place when the highest point of the building is reached and provides an opportunity for client, design team, contractor and workforce to toast the success of the building.
6 December 2017
Grant funding up to £170,000 now available for businesses in rural Gloucestershire
Why not come along to one of the workshops to find out more? 11th January 10am to 12pm – The Kings Head Hotel, 24 Market Place, Cirencester, GL7 2NR 24th January 10am to 12pm – Vantage Point, Mitcheldean, Gloucestershire, GL17 0DD
15 November 2017
Three new Board members join GFirst LEP
Gloucestershire’s Local Enterprise Partnership, GFirst LEP are pleased to announce the appointment of three new Board members; Deborah Potts, Russell Marchant and Jenny Raymond. This follows an open recruitment process where nearly 100 local business leaders applied.
23 October 2017
GFirst LEP Procurement Opportunities
Having completed the delivery of a new Digital Infrastructure for the Growth Hub Network, part of which was a new website that empowers SME businesses to seek independent and impartial business support, we are now looking to enhance that experience by providing business owners with more tools to identify the areas of support that are relevant to them and to encourage a more empowered Gloucestershire business community.
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If you’d like to help us in strengthening the economy of Gloucestershire, please get in touch, we’d love to hear from you.