In July 2014 the South East Local Enterprise Partnership (SELEP) secured £442.1m from the Government’s Local Growth Fund (Round 1) to support economic growth in the area. The Growth Deal brings together local, national and private funding, and new freedoms and flexibilities, to focus on four key priority areas identified in SELEP’s Strategic Economic Plan (SEP) helping to renew the physical and intellectual capital of the South East:
In total the SELEP Growth Deal with Government will bring almost £590.8m of investment to East Sussex, Essex, Kent, Medway, Southend and Thurrock. Over the lifetime of the deal (2015-2021) we aim to deliver 78,000 jobs, 29,000 homes. The deal is also set to attract a further £960 million extra investment into the South East.