LEP Calls for Funding Bids for Major Projects

The call has gone out to businesses and organisations in Greater Lincolnshire to submit grant funding bids of £500,000 or more to support major projects.

The Greater Lincolnshire Local Enterprise Partnership and the Greater Lincolnshire Strategic Infrastructure Development Plan Working Group have launched a joint call for bids today (Monday).

The aim is for Greater Lincolnshire to have a pipeline of major projects to consider should funding from central Government become available in the new year.

To maximise the potential for investment into the area the LEP has already established a single pipeline of priority projects which is expanded and updated each year.

Today the LEP and the SIDP Working Group are calling for projects that align to the LEP’s emerging Local Industry Strategy and Covid Recovery Plan and that will contribute to economic resilience, growth and productivity.

“Although the LEP has no funding currently available it is imperative that we can respond quickly as funding opportunities arise,” said Pat Doody, Chief Executive of the Greater Lincolnshire LEP.

“We appreciate the amount of work that goes into project development and we want to work with businesses and other organisations to ensure that our most strategic projects can be successful in a competitive environment.”

Proposals must be for capital projects that can financially complete before March 2025 (category A) or long-term capital projects that are still in the development or concept stage (category B).

Projects in both categories must demonstrate value for money and good deliverability; meet the Government’s and the LEP’s strategic growth aspirations, focusing on creating new jobs, training employees, building new homes, and delivering key infrastructure improvements; and directly contribute to the key priorities identified in the Local Industrial Strategy and the Covid Recovery Plan.