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Gloucestershire Infrastructure Investment Fund (GIIF)


The Gloucestershire Local Enterprise Partnership (LEP) and Gloucestershire County Council launched the Gloucestershire Infrastructure Investment Fund in July 2012 with an initial call for ‘Expressions of Interest” for funding invited from interested parties in the private and public sector. Funding is to be used to deliver key infrastructure to unlock development opportunities to help boost future economic growth.

The Gloucestershire LEP, driven by the economic development company GFirst, was awarded £8.4 million from the Department for Communities and Local Government’s Growing Places Fund, to set up this revolving infrastructure fund to help drive local economic growth and create much needed jobs.

Forward funding of infrastructure in advance of development can often be a challenge, particularly in the current economic climate. Many otherwise viable schemes have not been able to proceed due to capital constraints in the investment needed for the physical infrastructure that unlocks key developments.

The Gloucestershire Infrastructure Investment Fund provides an excellent opportunity to help address some of these constraints and barriers, to unlock stalled development and allow projects to realise development values. The capital funding in the form of an interest free loan can be used for infrastructure needed to open up sites such as highways infrastructure, utilities or flood alleviation/defence works etc. The initiative has been designed to restart stalled projects/sites that are ready to commence, but have been postponed for financial reasons.

Expressions of interest are welcome for consideration and inclusion in the strategic portfolio of potential schemes.

If you would like to express an interest in submitting a proposal or scheme, please use the Expression of Interest template here. Further background information and guidance for potential applicants on how to submit proposals is available here. The Gloucestershire LEP has developed an FAQ on the GIIF fund here.

Applications will be assessed and funds awarded according to various qualifying and assessment criteria which are outlined in the guidance notes.


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