Growing Places Fund

Investment for growth is a vital step towards helping our area overcome significant barriers to growth. In 2012, the Government allocated the Greater Cambridge Greater Peterborough Enterprise Partnership £16.1 million fund to unlock stalled projects and initiatives that could help support the creation of new jobs and economic growth.

Since then a number of projects have received funding through the scheme, details of which you can see below.

Key facts
Growing Places Funding was focused on unlocking jobs and accelerating economic growth. This included:

  • Facilitating drivers of growth e.g. through loans for SMEs to start up and grow
  • Construction of new office, training and general employment space
  • Infrastructure and access works to unlock commercial or mixed-used developments
  • Site servicing to support the creation of new employment space

Growing Places Funding provided:

  • Loan finance for capital projects – minimum bid value £50,000 and maximum value £1 million
  • Supporting projects which can payback in less than three years (although longer payback periods may be considered)
  • To bidders located within the Greater Cambridge Greater Peterborough Enterprise Partnership area (Cambridgeshire, Peterborough, Rutland, North Hertfordshire, Uttlesford, West Suffolk, South Holland, South Kesteven, and King’s Lynn & West Norfolk)

State Aid
For further information about State Aid, you can download our State Aid Guidance document here. Please note, this is for guidance purposes only, and we recommend you seek advice from your own legal representatives.

Growing Places Fund: Projects supported
Click on the projects highlighted in green to find out more..