The £9 million Invest and Grow Fund is Greater Lincolnshire’s rolling infrastructure funding scheme, designed to kick start stalled housing and commercial developments.

Funding of between £500,000 and £2 million is available for larger schemes which can unlock developments and enable the delivery of new jobs, commercial space and homes.

The fund aims to bring forward vital infrastructure projects, boosting the economy and creating jobs. The money, which is part of the national £500 million Growing Places Fund, can fund strategic links that will open up access to key development sites, be used for flood storage capacity to enable the development of homes and retail space or ease congestion on major commercial routes.

It aims to kick start stalled job creating developments through rapid investments in local infrastructure and tackling site constraints.

Eligible projects will fund infrastructure costs and include:

  • Utilities
  • Flood management
  • Access roads (in order to service development sites)
  • Employment and housing sites

Invest and Grow is a rolling fund and can be applied for at any time. It works as a ‘revolving fund’ which means the upfront money will be reclaimed from developers involved in the schemes and recycled back into the fund for further investment. In this way the fund will be self-sustaining. The Greater Lincolnshire LEP is looking to make significant investments that fit with its strategic priorities and will help unlock economic growth.

Projects outside this range may be considered if they deliver exceptional outputs or exceptional value for money. Invest and Grow covers the following local authority boundaries, so only projects located in these areas are eligible to apply:

  • Lincolnshire County Council
  • North East Lincolnshire Council
  • North Lincolnshire Council

Please contact the officers below if you have any questions or need further information.

Location: North East Lincolnshire
Name: Angela Blake
Angela.Blake@nelincs.gov.uk

Location: North Lincolnshire
Name: Jenny Couch
Jenny.Couch@northlincs.gov.uk

Location: Lincolnshire
Name: Jon Burgess
jon.burgess@lincolnshire.gov.uk

For more information on the Growing Places Fund and submissions, please contact Kate Storey, LEP Secretariat on 01522 550540 and enquiries@greaterlincolnshirelep.co.uk

Funding between £500K and £2m

Kick-start stalled projects