Projects which will bring economic growth to the area could qualify for grants in excess of £250,000.
The Greater Lincolnshire Local Enterprise Partnership (GLLEP) wants to hear all about short to medium-term projects which could qualify for match funding.
GLLEP says: “It is important that Boston and Greater Lincolnshire continues to secure investment from central Government towards the delivery of economic growth schemes locally and therefore the GLLEP wants to better understand what projects can be developed in partnership in the short and medium-term across the Lincolnshire area.
“Following a recent successful call in late 2018 the GLLEP already has a strong project pipeline so that when new funding opportunities arise, such as the UK Shared Prosperity fund, or if existing growth funding requires reallocation, they can respond quickly and confidently on behalf of Greater Lincolnshire.
“Understanding that new ideas, projects or initiatives emerge all of the time, the GLLEP would like to be aware of these thoughts and collate via Business Case forms (link here) and if successful, add these to a list of new priorities.
“This call for outline business cases asks for projects which are aligned to strategic priorities within our Strategic Economic Plan (SEP) and emerging Local Industry Strategy (LIS) that will clearly contribute to economic growth and productivity. Schemes can be capital or revenue related, however match funding would need to be demonstrated and we are interested in projects/programmes with a minimum grant request of £250,000.”
The GLLEP is looking for schemes that can (A) be financially complete before March 2020/21 or (b) capital or revenue projects that can be delivered within the next five years
Both categories must demonstrate value for money and good deliverability; meet the Government’s and the Greater Lincolnshire 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 within the SEP and LIS.
An outline business case form with supporting guidance can be found at (links here) All business cases must be submitted to greaterlincslep@lincolnshire.gov.uk no later than midnight on Friday, September 27, 2019.
The proposed timetable is:
September 27, 2019 – Deadline for outline business cases to be submitted to Greater Lincolnshire LEP;
September 30 to October 31, 2019 – Appraisal and scoring of proposals;
Week commencing October 28, 2019 – Electronic decision regarding recommendations relating to Category A schemes;
November 8, 2019 – Prioritised category A schemes notified;
November 29, 2019 – Shortlisted pipeline projects for Category B discussed at the Greater Lincolnshire LEP Investment Board;
December 2019 – Applicants of unsuccessful submissions notified
Halina Davies the GLLEP Programme Manager Halina.davies@lincolnshire.gov.uk or 07799 074 247 is happy to answer any specific queries.
