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
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.
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.
22 February 2024
GFirst LEP - 'The One about Evolution'
We would love for you to join us at GFirst LEP's final event.
31 January 2024
Sale of SGS Berkeley Campus to bring economic prosperity to the region
South Gloucestershire & Stroud College (SGS) is embarking on a transformative journey by signing Heads of Terms for a strategic disposal of their Gloucestershire Science and Technology Park at SGS Berkeley to a preferred bidder, Chiltern Vital Group (CVG).
22 November 2023
A seamless transition for GFirst LEP, "Evolution not extinction"
The roles and responsibilities of GFirst LEP, Gloucestershire’s Local Enterprise Partnership, will transfer to Gloucestershire County Council from April 2024.
2 November 2023
Planning submitted for £1bn project at the heart of the UK’s Technology and Cyber ambitions
Planning has been submitted for Cheltenham’s Golden Valley Development, the £1bn project at the heart of the Government’s National Cyber Strategy and the UK’s newest Innovation District.
10 October 2023
GFirst LEP: Net Zero Conference 2023
GFirst LEP and The Growth Hub are excited to bring you another inspiring Net Zero Conference this November!
5 September 2023
We are Made in Gloucestershire
We are Made in Gloucestershire. Your new destination to find incredible local food and drink, that’s truly made in Gloucestershire. The home of hidden gems that you won’t find anywhere else and so much more than the Old Spot and Double Gloucester.
SIGN UP FOR OUR NEWSLETTER
If you’d like to help us in strengthening the economy of Gloucestershire, please get in touch, we’d love to hear from you.