Latest Public Sector News

26.07.16

D2N2 seeks £426m from government and partners to fund growth

The West Midlands local enterprise partnership (LEP) is seeking £426m in government and private sector funding for an ambitious growth programme.

D2N2 – a partnership of local authorities, businesses and voluntary and community organisations in Derby, Derbyshire, Nottingham and Nottinghamshire – is bidding for £107m from the Local Growth Fund 3, a £1.8bn government fund open to bids from LEPs around the country.

It plans to match this with around £318m from public and private sector organisations, creating a total of £426m to invest in local growth.

Peter Richardson, chair of the D2N2 (pictured right), said: “We are making a major bid for financing from the government’s Local Growth Fund 3 because we have major ambitions for the D2N2 LEP area.”

D2N2 has already received £192m from the Local Growth Fund.

It plans to use the new funding on 23 schemes, including renovating the Derby Silk Mill to create a tourist attraction and small business and start-up workshops, creating a digital and creative skills facility in Nottingham, and investment in sustainable transport and HS2 support sites.

D2N2 and 19 local councils also proposed creating a single Nottinghamshire and Derbyshire combined authority.

LEPs in general were criticised recently by the National Audit Office for suffering from a lack of oversight.

(Image c. D2N2)

Have you got a story to tell? Would you like to become a PSE columnist? If so, click here.

Comments

There are no comments. Why not be the first?

Add your comment

 

related

public sector executive tv

more videos >

last word

Prevention: Investing for the future

Prevention: Investing for the future

Rob Whiteman, CEO at the Chartered Institute of Public Finance (CIPFA), discusses the benefits of long-term preventative investment. Rising demand, reducing resource – this has been the r more > more last word articles >

public sector focus

View all News

comment

Peter Kyle MP: It’s time to say thank you this Public Service Day

21/06/2019Peter Kyle MP: It’s time to say thank you this Public Service Day

Taking time to say thank you is one of the hidden pillars of a society. Bei... more >
How community-led initiatives can help save the housing shortage

19/06/2019How community-led initiatives can help save the housing shortage

Tom Chance, director at the National Community Land Trust Network, argues t... more >

interviews

Artificial intelligence: the devil is in the data

17/12/2018Artificial intelligence: the devil is in the data

It’s no secret that the public sector and its service providers need ... more >

the raven's daily blog

NSPCC: Working together to improve the support available for children who have been sexually abused

08/10/2019NSPCC: Working together to improve the support available for children who have been sexually abused

Hayley Clark, the acting head of development and impact at the NSPCC, talks about the significant gap in support services for children who have been sexually abused and the Ho... more >
read more blog posts from 'the raven' >

editor's comment

25/10/2017Take a moment to celebrate

Devolution, restructuring and widespread service reform: from a journalist’s perspective, it’s never been a more exciting time to report on the public sector. That’s why I could not be more thrilled to be taking over the reins at PSE at this key juncture. There could not be a feature that more perfectly encapsulates this feeling of imminent change than the article James Palmer, mayor of Cambridgeshire and Peterborough, has penned for us on p28. In it, he highlights... read more >