Growing Places Fund

Meeting: 
MQT on 2013-11-20
Session date: 
November 20, 2013
Reference: 
2013/4109
Question By: 
John Biggs
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

Can you describe the steps you are taking to secure a spend of these funds?

Answer

Answer for Growing Places Fund

Answer for Growing Places Fund

Answered By: 
The Mayor

All but £0.5 million of the £111 million Growing Places Fund has been allocated to projects by the LEP.

The Programme is managed in the same way as other GLA regeneration funds, and staff managing the Programme ensure that funds are released only when schemes are fully tested and developed and when due diligence has been completed. All of the projects are profiled to spend over several years with funds drawn down by delivery partners in arrears.

Many projects are already underway with development work funded by delivery partners.