Growth deal

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Growth deals provide funds from the Government of the United Kingdom to local enterprise partnerships, for projects that benefit the local area and economy. They are promoted by the Ministry of Housing, Communities and Local Government, Department for Business, Energy and Industrial Strategy, Cabinet Office, and Department for Transport.[1] They are collaboratively funded by local government.

Regional growth deals in Scotland are administered by the Scottish Government.[2] Whereas in Wales, they are administered by regional economic boards.

History[edit]

In 2020, a growth deal for North Wales was signed.[3][4][5] They are also active in the Black Country.[6] In March 2021, a £450 million Growth Deal for the Borderlands was signed; affecting border counties of Cumbria and Northumberland.[7]

List[edit]

Area Cost
Argyll and Bute £70 million[8]
Ayrshire[9] £148.5 million[10]
Borderlands[11] £450 million[12]
Falkirk £90 million[13]
North Wales[14] £240 million[5]
Mid Wales £110 million[15]
Scottish Islands[16] £335 million[17]

See also[edit]

References[edit]

  1. ^ "Local Growth Deals". GOV.UK. Retrieved 2 January 2021.
  2. ^ "Cities and regions: Regional Growth Deals". Scottish Government. Retrieved 1 January 2021.{{cite web}}: CS1 maint: url-status (link)
  3. ^ Hughes, Owen (17 December 2020). "Fourteen transformation projects could be unlocked as North Wales Growth Deal signed". Business Live. Retrieved 1 January 2021.
  4. ^ George, Allan (28 December 2020). "Morlais marine energy project gets boost from North Wales Growth Deal". North Wales Chronicle. Retrieved 1 January 2021.{{cite web}}: CS1 maint: url-status (link)
  5. ^ a b "£16m boost for North Wales Growth Deal as first tranche of funding is released". Denbighshire Free Press. Retrieved 18 March 2021.
  6. ^ "Apply for Growth Deal Funding". Black Country LEP. Retrieved 1 January 2021.
  7. ^ "Boost for Northumberland as multi-million pound Borderlands Inclusive Growth Deal signed". www.berwick-advertiser.co.uk. Retrieved 18 March 2021.
  8. ^ "Rishi Sunak's Argyll and Bute 'growth deal' pledge hailed by Helensburgh MSP". Helensburgh Advertiser. Retrieved 18 March 2021.
  9. ^ "Ayrshire Growth Deal website launched". InYourArea.co.uk. 26 February 2021. Retrieved 18 March 2021.
  10. ^ "Chancellor to announce earlier delivery of Growth Deal money". Cumnock Chronicle. Retrieved 18 March 2021.
  11. ^ "£450 million Borderlands Growth Deal now underway". GOV.UK. Retrieved 18 March 2021.
  12. ^ "Scotland and England sign first ever Borderlands growth deal". HeraldScotland. Retrieved 18 March 2021.
  13. ^ "£90m Growth Deal could lead to faster infrastructure improvements across Falkirk". www.falkirkherald.co.uk. Retrieved 18 March 2021.
  14. ^ Hughes, Owen (18 March 2021). "North Wales Growth Deal work officially starts as first tranche of the £240m fund lands". Business Live. Retrieved 18 March 2021.
  15. ^ "Mid Wales Growth Deal: Jobs boost but warning over progress". BBC News. 13 January 2022. Retrieved 16 January 2022.
  16. ^ Walker, Peter A. (17 March 2021). "Scottish Islands Growth Deal worth £335 million signed". businessInsider. Retrieved 18 March 2021.
  17. ^ "Islands Growth Deal worth £335 million signed". GOV.UK. Retrieved 18 March 2021.