Local Growth Deals

Department for Business, Energy and Industrial Strategy written question – answered on 12th February 2021.

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Photo of Steve Reed Steve Reed Shadow Secretary of State for Communities and Local Government

To ask the Secretary of State for Business, Energy and Industrial Strategy, whether his Department has calculated an estimate of the return on investment from projects delivered by Local Growth Deals funding for each of those deals agreed with Local Enterprise Partnerships; and if he will publish that calculation.

Photo of Paul Scully Paul Scully Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy), Minister of State (London)

The Local Growth Fund has invested in high value projects in England to boost local economic growth, including transport, skill, business support and housing projects to name but a few. This has empowered local areas to identify and bring forward genuine local priorities.

Local Enterprise Partnerships have reported that, to date over £15 billion of public and private sector investment has been leveraged through Local Growth Fund investment.

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