The Marches LEP has put in place formal arrangements to ensure fast and effective decision-making together with democratic accountability for the substantial public funds that are required to deliver the recently updated Marches Strategic Economic Plan (SEP) and Growth Programme, including European Structural and Investment Funds (ESIF) and Local Growth Funds.
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 more
In 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 more
The 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.Learn more