“Giving local communities the power and the money to unlock growth and development and make the spending decisions that work for them is a key part of our long-term economic plan to secure a brighter future for Britain and ensure a recovery for all. That’s what Growth Deals are all about, backing local people and investing in the infrastructure, housing and skills that will drive forward local economies, create more jobs and opportunities for hardworking people and supercharge all parts of our country”
Rt Hon David Cameron MP, Prime Minister
The SE LEP Growth Deal with Government brings almost £500m of investment to East Sussex, Essex, Kent, Medway, Southend and Thurrock.
Over the lifetime of the Deal (2015-2021), we aim to create up to 45,000 new jobs and see 23,000 new homes built. The Deal has the potential to generate £700m of public and private investment and brings new responsibilities and flexibilities.
Projects funded by the Growth Deal include:
- Improved highway connections to permit expansion of cargo-handling facility and regeneration of waterfront at Dover, leading to 100 new homes and the creation of 500 jobs
- Investment in signalling at Ashford International railway station to help secure international rail services at Ashford and up to 2000 jobs
- New lorry parking capacity in the M20 corridor, alleviating congestion, tackling Operation Stack, and facilitating new housing and up to 300 jobs;
- Growth in the advanced manufacturing sector through the provision of new employment (up to 300 jobs) and innovation space at Rochester Airport;
- Mixed-use redevelopment of Folkestone seafront to provide up to 500 jobs, 300 homes, improved leisure facilities and public realm;
- Better transport connectivity in Chelmsford city centre, improving flow and access, reducing congestion, encouraging cycling and walking and enabling the provision of up to 1560 new homes and 1770 jobs; A scheme to protect from flood over 1000 commercial and residential properties and enable 800 new jobs and 250 new homes in Chelmsford city centre;
- Regeneration of the town centre in Purfleet, linked to investment in new film, TV, media studio development and creating in the initial phase up to 530 homes and 200 jobs;
- The Southend and Rochford Joint Area Action Plan, which provides for further expansion of London Southend Airport onto a 55-acre, greenfield to create a high end Business Park and 858 homes an d up to 2600 new jobs;
- Provision of site infrastructure at Bexhill Enterprise Park to enable development of new business space, accommodating up to 426 jobs and 400 new homes Infrastructure work (new access road and junction) at Swallow Business Park near Hailsham, East Sussex, to develop new business space and up to 462 jobs;
- Provision of new business space at Sovereign Harbour in Eastbourne and up to 875 jobs; and Strategic intervention in housing and property markets in key locations across the South East to help restore markets and promote economic regeneration.
This adds to the projects that were announced in July 2014, including:
- Kent and Medway Growth Hub
- Chatham Town Centre Place-making and Public Realm Package
- Tonbridge Town Centre Regeneration
- Sittingbourne Town Centre Regeneration
- A289 Four Elms Roundabout to Medway Tunnel Journey Time & Network Improvements
- M20 Junction 4 Eastern Overbridge
- Rathmore Road Link, Gravesend
- A26 London Road / Speldhurst Road / Yew Tree Road Junction Improvement, Tunbridge Wells
- Kent Thameside LSTF - Integrated Door-to-Door Journeys
- Medway City Estate Connectivity Improvement Measures
- Strood Town Centre Journey Time & Accessibility Enhancements
- Maidstone Gyratory Bypass
- Kent Strategic Congestion Management Programme across Growth Areas
- North Deal Transport Improvements
- Sustainable Access to Education and Employment (Delivering Kent’s Right of Way Improvement Plan)
- Kent Sustainable Interventions Programme for Growth
- A28 Sturry Road Integrated Transport Packjage, Canterbury
- Sustainable Access to Maidstone Employment Areas (River Medway Cycle Path East Farleigh - Aylesford)
- West Kent Local Sustainable Transport - Tackling Congestion
- Medway Cycling Action Plan
- Southend and Rochford Growth Hub and Victoria Avenue development
- A127 Capacity Enhancements
- Local Sustainable Transport Programme
- Basildon Integrated Transport Package
- A414 Maldon to Chelmsford Route Based Strategy Package
- A414 Pinch Point Package (Eastwick & Fifth Avenue Dualling & Junction Improvements)
- A414 Pinch Point Package: (A414 First Avenue & Cambridge Road Junction)
- Chelmsford City Integrated Transport Package (Chelmsford Station / Station Square / Mill Yard)
- Colchester Local Sustainable Transport Programme
- Colchester Integrated Transport Package A (Town Centre Traffic and Access Strategy)
- Colchester Integrated Transport Package B (Town Centre Traffic and Access Strategy)
- Colchester Broadband for Business Parks
- North Bexhill Access Road
- Improved flood defences at Newhaven
- Hailsham / Polegate / Eastbourne Sustainable Transport Corridor Package
- Eastbourne & South Wealden Local Sustainable Transport Walking & Cycling Package
- Skills capital funding for colleges and other training providers
An expansion of £46.1 million of Government funding was announced on 29 January, on top of £442.2 million when the Growth Deal was originally announced in July.
Growth Deals are a £12 billion long-term programme to revitalise local economies. The deals are the latest and greatest example of the British economy being rebuilt from the bottom up, and sharing the benefits of the recovery around the country. Through the :LEP, local businesses and council leaders have been invited to open discussions immediately on the next set of projects to be funded, building on the momentum that has been established.
In July 2016, SELEP submitted a further Growth Deal bid to Government as part of the LGF 3 process. The £229m bid puts forward 41 projects from across the area. SELEP has calculated that every pound invested by the Government will generate at least three times that in terms of investment from elsewhere. An announcement is expected in the Autumn Statement 2016.
For details of the projects and to view the South East LEP bid document, click here.