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Since its inception, the Marches LEP has secured, managed and influenced the use of significant public funds to drive local economic growth.
In 2022, the Marches LEP Board allocated £4million of funding to support projects that could meet the priorities set out in the Marches Energy Strategy. This represented a significant investment in energy projects by the LEP and arose in response to a recognition of the need to invest in energy efficiency and generation to help support businesses across the region.
The LEP is supporting 3 projects through the fund:
More than £104 million is currently being invested into the region’s economy to create thousands of homes and jobs thanks to the Marches Growth Deal. The latest funding was announced in March 2017 providing a boost of £21.9 million for the Marches with a focus on innovation and skills, to help create jobs, support businesses and encourage growth.
Learn moreGetting Building Fund is a £900 million programme announced by Government in August 2020 to deliver jobs, skills and infrastructure across the country.
Learn moreIn March 2017, the Midlands Engine Strategy was launched as a demonstration of the government’s commitment to making the Midlands a powerful engine for economic growth. The Marches covers a huge swathe of the Midlands Engine region, which stretches from Shropshire in the west to Lincolnshire in the east and is home to a £217.7 billion economy.
Learn moreThe Marches region has been allocated approximately £95 million of EU funding for projects being developed and delivered between 2014 and 2020.
Learn moreThe Marches Investment Fund is a capital fund derived from an initial £8.1m through Government Growing Places Fund allocation, a proportion of any local profit share from the Telford Land Deal and annual repayments and interest from MIF private-led loan schemes.
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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: 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