LLEP launches £10m loan fund
The Leicester and Leicestershire Enterprise Partnership (LLEP) has launched a new loan scheme worth £10m to accelerate the creation of infrastructure in the city and county.
The LLEP says the cash, which is being made available through the Growing Places Fund (GPF), will be awarded to job-creating residential, office and commercial developments.
It is now inviting expressions of interest, particularly from applicants seeking to carry out low carbon projects.
Previous GPF loans have been used to help deliver schemes including The Gresham in Leicester city centre and the £20m Leicester Waterside regeneration project.
Andy Reed OBE, interim chair of the LLEP Board and chair of its Investment Panel, said: “The Fund will accelerate delivery of sustainable infrastructure projects that boost our local economy and create jobs.
“Our officers are ready to speak with partners who are interested in applying for loans, from £500,000 upwards, which will help to deliver growth in Leicester and Leicestershire.”
Neil McGhee, LLEP Board Member and Low Carbon Champion, added: “We welcome expressions of interest from partners proposing imaginative responses to the priorities of our four strategic pillars.
“Sustainability is fundamental to LLEP strategy through to 2030 and this fund presents another opportunity to support the next wave of Low Carbon infrastructure projects.”
