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
14 March 2018
Opportunity for Cheltenham Growth Hub
Gloucestershire organisations are being invited to once again submit their interest as the Growth Hub expansion enters its next phase in Cheltenham.
27 February 2018
GFirst LEP Vacancy Strategic Business Manager
21 February 2018
Breaking News: Growth Deal Funding
Four major projects for the county have funding confirmed by GFirst LEP
10 January 2018
High profile coverage on BBC News for Cheltenham's new Cyber Park
GFirst LEP's CEO David Owen talks to BBC News about Cheltenham's new Cyber Park, which includes a £22m investment from the LEP.
3 January 2018
GFirst LEP has approved partners in the districts of Stroud and the Forest of Dean for the expanding Growth Hub Network
The Growth Hub is strengthening its presence in the county with confirmed partners Makespace@ the Malthouse in Stroud; and Vantage Point Business Village in the Forest of Dean.
20 December 2017
GFirst LEP Staff Vacancy - Enterprise Coordinator
GFirst LEP are looking for an Enterprise Coordinator to join our Education team.
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