On 30 June 2020 the Prime Minister set out Government’s ‘New Deal’ to deliver jobs, skills and infrastructure for Britain. This includes the new £900m Getting Building Fund that will invest in ‘shovel-ready’ local projects in England to aid economic recovery in response to the COVID-19 crisis.
Projects could include the development and regeneration of key local sites, investment to improve transport and digital connectivity, and innovation and technology centres to build on local comparative advantage, amongst others.
Funding has been allocated to the 38 Local Enterprise Partnerships (LEPs) based on local population and each area’s COVID-19 exposure and resilience, with investment targeted at the areas facing the biggest economic challenges.
Mark Bretton, Chair, Hertfordshire LEP and the LEP Network, said: “I am pleased to announce that Hertfordshire LEP has been allocated up to £16.8m as part of Government’s Getting Building Fund, which will fast-track investment in local projects to accelerate economic recovery and create much-needed jobs. Local Enterprise Partnerships are poised and ready to help execute Government’s ambition to build back better, greener, and faster, with our granular knowledge of local economies, the strength of our networks, and our business-led approach to economic growth.
“I am delighted by the speed at which our call for ‘shovel-ready’ projects in Hertfordshire brought forward a number of high-calibre schemes with the capacity to kick-start growth in the county. This is testament to Hertfordshire’s resilience and agility, and I look forward to announcing the successful schemes in the weeks to come.”
LEPs will now be leading on discussions with local partners and the Ministry of Housing, Communities and Local Government to take forward the most suitable and deliverable local projects.
Visit our projects page to learn about our investments to date.