The Prime Minister has previously set out the government’s ‘New Deal’, delivering jobs, skills, and infrastructure for Britain. As part of that announcement in July 2020, the Prime Minister announced the government will be making £900 million available through the new ‘Getting Building Fund’ investing in local infrastructure projects to drive economic growth.
Buckinghamshire Local Enterprise Partnership is therefore inviting expressions of interest for well-developed projects that will drive the economic recovery and support continued delivery of Buckinghamshire’s Local Industrial Strategy and growth within our four key sectors, Upstream Space, Creative and Digital, Advanced Engineering and Manufacturing and Medical Technology and Health.
Expressions of Interest
Expressions of Interest for individual bids of between £500k and £2m Getting Building Fund capital grant, will be considered for new and expansion of existing projects, with a minimum of 50% secured match funding, and which show strong strategic alignment, value for money and demonstrable delivery by March 2022.
Proposals should demonstrate how they support the Buckinghamshire Local Industrial Strategy, and Economic Recovery Plan. Evaluation of Proposals will be undertaken by an independent consultant retained by Bucks LEP. Evaluation will include an analysis of:
- Strategic Fit – Alignment with Local Industrial Strategy and Economic Recovery Plan
- Deliverability – expected delivery by March 2022
- Economic Impact – clear measurable benefits and outputs
- Funding – financial commitment and certainty of match funding
- Value for Money – refer to HM Green Book
- Environmental sustainability
Applications should be submitted with a well-developed scheme business case, adopting the principles of the HM Government Green Book 5-case model. The applications will be shortlisted, independently assessed, and evaluated by Bucks LEP retained specialist consultants, Hatch Associates, with final recommendations for successful applications submitted to Buckinghamshire LEP Board for approval. The Getting Building Fund grant is subject to completion of a grant Funding Agreement between Buckinghamshire LEP and the Project Sponsor. Legal and Financial checks may also be requested for assurance purposes.
Submission of Proposals
Please complete and submit the attached Application Form to firstname.lastname@example.org by 6.00pm on Friday 5th March 2021. If you would like to discuss your application, please call 07826 533367.
For further information and an application form see below: