A call for new capital projects within Derby, Derbyshire, Nottingham, and Nottinghamshire has been announced by D2N2.
The call for new capital projects will create a pipeline of future investment propositions should further funding become available.
Capital projects in the pipeline will support the organisation’s ambitions set out in the emerging Local Industrial Strategy (LIS) and will aid the economy’s recovery from Covid-19.
Like all LEPs, D2N2 is responsible for delivering the Local Growth Fund (LGF) which is worth over £250 million to the region, alongside delivering the new £44.4m Getting Building Fund (GBF) allocation from Government.
Funding from the Local Growth Fund scheme has already been invested in many projects across the region supporting job creation, new learners, and unlocking infrastructure for the delivery of new homes.
To date, D2N2 has invested in a wide variety of projects such as the £24m Institute of Advanced Manufacturing facility, the Seymour Link Road within the Markham Vale Enterprise Zone, Ada Lovelace House in Kirkby in Ashfield, and the University of Derby’s Chesterfield Higher Level Skills Centre.
A full list of our funded projects is available on the D2N2 Projects page.
D2N2 Interim Chair David Williams said, “With the recent Getting Building Fund providing £44.4 million pounds worth of investment for ten projects within our area, it’s never been more important for our region to stand ready to attract Government investment whenever the opportunity presents itself.”
“I call upon our community to bring forward strong and ambitious projects that will improve life chances for our residents, providing more jobs, more learning opportunities, and more homes.”
Purpose of the call
Given the inherent complexities of delivering large capital projects, the current call will help populate a reserve list of projects that are at an advanced stage of development.
Alongside this list of reserve projects for Local Growth Fund and the Getting Building Fund, D2N2 is also looking to build a strong list of pipeline projects that could be presented to any new funding allocations at any given time.
Please note that these projects will only be progressed if funding becomes available.
In order to be considered for the pipeline, a prospective project must be able to demonstrate that they:
- Have access to Match funding (no ratios are set but match funding will be considered in terms of Value for Money)
- Land ownership/Development agreements have been set
- All planning and relevant permissions
- Ability to demonstrate state aid compliance
- This funding call does not have a minimum or maximum funding ask associated to the call however the amount of funding requested will influence the Value for Money presented for the project.
It should be noted that existing LGF or GBF projects will not be considered for additional funding within this call.
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D2N2 is inviting applicants to complete an initial expression of interest 5pm on the 11th of September 2020.
Should further information be required, prospective applicants can contact Head of Capital Programmes Tom Goshawk (07528 398 317).
D2N2 will be holding two sessions to discuss potential projects with project sponsors to discuss any questions associated with the call for projects and the strategic fit of projects to D2N2’s objectives.
These sessions will be by appointment only and each project sponsor can book in a 30-minute slot to discuss their proposition(s).
The following dates are available for virtual 30-minute meetings.
- Tuesday 18th August
- Tuesday 25th August
If you would like to book a session then please contact Tom Goshawk.
Interested applicants can download an application form by visiting our Funding Bids page.