The Black Country LEP, in its ambition of enhancing conditions for enterprise to flourish and facilitate economic growth, has successfully bid for allocations of funding through the Department for Communities and Local Government (DCLG) and Public Works Loan Board (PWLB) for funding streams which will enable delivery of development throughout the Black Country. Total funding availability currently stands at approximately £70 million, which is available for investment with a view to delivering projects within the next 12-18 months and subsequently till 2021.
Available Black Country funding as at July 2015 includes the following;
- Local Growth Fund (uncommitted to date) – £30m
- Growing Places Fund (recycled loan from previous GPF funding rounds) – £5m
- City Deal PWLB Investment Fund (Commercial Development Loan Fund) – £20m
- Growth Deal PWLB Strategic Housing Infrastructure Investment Fund – £15m