Marches LEP launches £500,000 capital investment fund

November 13, 2023

A major new capital investment fund worth £500,000 has been launched by the Marches Local Enterprise Partnership.

Applications are now open for the fund which will be used to invest in projects which boost business, help build skills and employability and drive the move to Net Zero.

Marches LEP chief executive Rachel Laver said the new fund would bring lasting benefits to Herefordshire, Shropshire and Telford & Wrekin, with funding of between £20,000 and £250,000 available for successful bids.

“This is a significant fund which the Marches LEP is delighted to be delivering to help drive the region’s transition to a highly-skilled, innovative and flourishing Net Zero economy.

“Investment will be made in capital projects within Herefordshire, Shropshire and Telford & Wrekin that support the move to a Net Zero economy, build new business support and innovation projects and develop skills and employability support.

‘This new fund builds on the significant investment that the Marches LEP has made across the region in the past 18 months through our £4million Marches Energy Fund and the launch of £240,000 of funding this Autumn to help drive transport improvements and develop innovative low carbon projects.

“It is a clear demonstration of how the LEP continues to work to build a thriving, sustainable and high-skilled economy across the Marches for the benefit of all our communities.”

Rachel said the new funding call was specifically for capital projects to help fund long-term growth and projects must be able to show alignment with national, regional and local economic plans.

The call is open to any business, community organisation, charity, community interest company or community benefit society, and the LEP was also happy for applicants to take a consortium approach with one partner taking the lead role.

Applications would need to be able to demonstrate the successful outcomes of any funding by March 31, 2025, she said.

Examples of outputs which would support an application to the fund include:

• Additional installed capacity, number of new sites, or annual

generation (kWp)

• Estimated greenhouse gas savings (tCO2e)

• Total energy (kWh) savings

• Number of households brought out of fuel poverty

• Total freed-up capacity (kWp)

• Number of enterprises receiving support

• New jobs created (FTE)

• Jobs safeguarded (FTE)

• Innovative new products created.

• Additional employment land (ha)

• Commercial floor space (sqm)

• New learners assisted (students enrolled)

Applications to the fund should be submitted by December 1 with successful bids being confirmed before the end of the year.

Application forms and further details are available from

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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: | email:

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

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:

For any finance queries please contact:

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

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