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