LOCAL GROWTH FUND

 

Dorset LEP have successfully secured a £98.5 million Local Growth Fund for Dorset through the government's Local Growth Deal to bring together local, national and private sector funding. The fund will unlock and unblock key housing and employment sites, create more highly skilled jobs, and support economic growth.

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As of March 2020, Dorset LEP have 24 completed, 17 ongoing and 12 new Local Growth Fund projects, ranging from major transport improvements, college facilities to business sites and tourist attractions.

Our projects focus on:

  • Enabling growth in key housing and employment sites
  • Creating the right conditions for economic growth
  • Supporting Dorset businesses
  • Growing the Dorset skills base

 By 2025, the £98.4 million investment in Dorset is expected to result in: 

  • £1.148 billion private investment 
  • Up to 31,800 new and safeguarded jobs
  • Up to 5,800 new homes

View projects in Dorset benefiting from our Local Growth Fund

Local Growth Fund achievements to date

Our Local Growth Fund investment delivering a wide range of schemes revitalising and strengthening specific geographical and industry sectors in Dorset. Through our careful portfolio management, we have made significant savings in our delivery programme enabling a series of new economic development projects to be fast-tracked, and as a result of associated match-funding, a total of £130 million has been invested in the region as of March 2020.

£98.4 million spent

53 projects (completed, ongoing and new)

£254.3 million total investment

1,763 students and apprentices trained