Do you have a project that’s ready to go and could grow the Greater Manchester economy?
The Greater Manchester Combined Authority and Local Enterprise Partnership are looking for private sector projects to help deliver the next phase of economic growth in the region.
The team is looking for projects that are ready to start in 2012/13 that could benefit from Greater Manchester's single investment strategy. This offers a single point of contact for businesses, cutting through some of the bureaucratic obstacles that can prevent projects from getting funding.
In a first for the UK, all ten local authorities in Greater Manchester are working to deliver a single investment strategy, underpinned by a new Greater Manchester Investment Team. The team will work to support projects and enable them to access the most appropriate sources of funding.
In return, the Regional Investment Plan will create an investment cycle, enabling businesses to invest in projects that will drive economic growth and generate commercial returns. The investment will then be repaid to create a fund for further development. This will move away from dependency on grants and create a mature economy that re-invests in itself to create sustainable growth in input and employment.
The strategy is underpinned by the availability of a range of financial support, totalling more than £100m. These include the Regional Growth Fund, Growing Places Fund, Evergreen Fund, European Regional Development Fund, Homes and Communities Agency. Each of the funds has different eligibility criteria, which means that a broad spectrum of development propositions can be considered.
Anyone with a project that is currently ready-to-go should submit an expression of interest by 30 March 2012. The can be sent to email@example.com. Further details can be found at http://www.agma.gov.uk/