£14m boost for Marches LEP region to support economic recovery

August 4, 2020

More than 800 new jobs and 1,600 homes could be created after the Marches Local Enterprise Partnership secured £14m for shovel-ready projects to help the recovery of the regional economy.
Six projects in Herefordshire, Shropshire and Telford & Wrekin will benefit from the investment from the Getting Building Fund announced by the Government today.
The private sector-led partnership, which works with local councils and the area’s business boards to drive economic growth, said the funding would help the region bounce back from one of the most turbulent times in its history.
Shropshire Council’s Pride Hill remodelling project will receive just over £5m, creating 100 jobs and a further 150 construction jobs. The Pride Hill project is part of a place shaping and long-term investment strategy, with the repurposing of centre creating a more flexible town centre space for the future.
Another £2.38m will go to a project developed by Telford & Wrekin and Wrekin Housing Group to create new healthcare and residential units in Wellington, with another £1m for a Wrekin Housing Group project retrofitting homes with zero carbon technology to tackle fuel poverty.
One of the biggest projects will see new integrated constructed wetlands created in the River Lugg area of Herefordshire to lower high levels of phosphate in surrounding land, allowing the development of employment and housing sites to go ahead. The project will unlock the potential for the creation of more than 1,300 homes in Herefordshire.
Two other Herefordshire projects will also benefit, with works to improve the city centre allocated £3m and NMITE a further £1.6m to develop campus facilities on Skylon Park, Hereford Enterprise Zone.
Chair of the Marches LEP, Mandy Thorn MBE DL said: “This funding will not only help speed up work on existing projects which may have stalled due to coronavirus but will also see the launch of new schemes creating hundreds of homes and jobs.
“We have worked closely with our local authority partners and business boards to secure this £14m, which will also support the training and development of more than 300 new learners through the NMITE investment at Skylon Park and the zero carbon project in Telford.”
The £14m is part of a nationwide ring-fenced fund of £900m announced by Prime Minister Boris Johnson earlier in the summer to enable local areas to invest in priority infrastructure projects to drive local growth and jobs.
Housing Secretary Robert Jenrick MP today confirmed 300 shovel ready projects which will benefit delivering up to 45,000 homes, create up to 85,000 jobs and reduce around 65 million kgs of CO2 emissions across England.
A briefing sheet with more information projects can be found here.

Back to top arrow

The Marches Local Enterprise Partnership has now ceased trading and transferred all its functions to Shropshire Council working with Telford & Wrekin Council and Herefordshire Council, in line with the UK Government's plans for devolution.

The Marches LEP was established in 2011 and hands over an impressive legacy from its 13-year life. In that time the LEP invested over £196m in projects across the Marches, securing in excess of £100m of match funding and supported more than 66,000 business interactions.

The schemes supported have made tangible differences to local communities, increasing skills, creating jobs and improving the physical appearance of many towns.

We would like to thank all the LEP Board Members who have given their time freely over the life of the LEP, as well as all the staff who worked for the LEP over the years. We also want to thank our delivery partners, local education providers and local, regional and national stakeholders who helped us achieve so much.

The Marches Growth Hub will continue to support businesses and will be managed by Shropshire Council, supported by Telford and Wrekin and Herefordshire Councils. Each of the three Local Authorities will also continue to provide direct business support locally. Details of this support will be available through the Marches Growth Hub website and from the Local Authorities directly. Website: www.marchesgrowthhub.co.uk | email: enquiries@marchesgrowthhub.co.uk.

The Marches Careers Hub will continue to be delivered and will be managed by Shropshire Council, supported by Telford & Wrekin and Herefordshire Councils. Website: www.marchescareershub.co.uk | email: info@marchescareershub.co.uk

For any queries about Getting Building Fund (GBF), Local Growth Fund (LGF) and Marches Investment Fund (MIF) projects supported by the Marches LEP please contact: gary.spence@shropshire.gov.uk

For any finance queries please contact: michelle.hodgkiss@shropshire.gov.uk

The solvent liquidation of the Marches LEP is being managed by the Evelyn Partners Limited. For any matter related to this please contact: Camilla.Mulholland@evelyn.com

Skip to content