Communities with ambitions for economic growth have been given a cash boost of nearly £1 billion to get their projects off the ground and improve their local areas. Ministers have confirmed the allocation of the £500 milllion Growing Places Fund, designed to boost economic growth by getting the required infrastructure built to enable the creation of new homes and jobs and get stalled projects moving again.

The funding has been allocated to the country's 38 Local Enterprise Partnerships, who will now decide what to prioritise locally. The fund can be used to establish revolving funds to take forward a range of projects that can help boost economic growth, as Local Enterprise Partnerships offer funding to developers, but also secure a return on that investment.

In addition, Housing Minister Grant Shapps has confirmed a cash boost to 353 councils, who will receive a share of £432 million New Homes Bonus funding.  Taken together, the allocations of the Growing Places and New Homes Bonus funding totals nearly £1billion.

Local LEPs; Lincolnshire, New Anglia, Northamptonshire, Nottinghamshire, Leicester and Leicestershire, Hertfordshire, and the Greater Cambridge and Greater Peterborough received a share of this cash – their allocations set out below….

Growing Places Fund – Final Local Enterprise Partnership distribution (£)

England   460,000,000 

(The) North Eastern Local Enterprise

Partnership  17,054,666

Tees Valley  5,798,759

Cumbria  4,505,274

Lancashire  13,092,450

Greater Manchester  25,258,817

Liverpool City Region  13,192,859

Cheshire and Warrington  8,901,948

York and North Yorkshire  6,330,582

Leeds City Region  24,485,284

Humber  5,917,641

Sheffield City Region  12,547,082

Lincolnshire  6,615,807

Derby, Derbyshire, Nottingham and

Nottinghamshire  17,806,001

Leicester and Leicestershire  9,062,330

Stoke and Staffordshire  7,741,247

The Marches – Shropshire, Herefordshire,

Telford and Wrekin  5,531,035

Black Country  9,786,886

Worcestershire  3,727,486

Coventry and Warwickshire  8,671,398

Greater Birmingham and Solihull  15,211,198

South East Midlands  12,689,036

Northamptonshire  3,995,321

Buckinghamshire  4,247,270

Greater Cambridge & Greater Peterborough  10,903,749

Hertfordshire  10,989,510

New Anglia  12,288,856

Pan London  41,434,489

South East  33,226,094

Coast to Capital  16,024,526

Enterprise M3  14,723,101

Solent  12,244,593

Oxfordshire  6,128,979

Thames Valley Berkshire  10,876,292

Gloucestershire  5,746,488

West of England  11,579,541

Swindon and Wiltshire  6,346,639

Dorset  6,512,960

Heart of the SW  14,510,481

Cornwall and the Isles of Scilly  4,293,329