SEMLEP
Millions
invested to drive growth
Over the past six years, the South East Midlands Local Enterprise Partnership (SEMLEP) has invested £265m into 55 projects designed to benefi t you. By 2030, more than 40,000 new homes will be built, 22,000 people will be in new jobs and at least 9,000 more learners qualifi ed across Northamptonshire, Bedfordshire and in Milton Keynes. T e Local Growth Fund has been used to support business growth
and productivity, fund new transport schemes and homes, and generate new jobs and opportunities for students. As the Local Enterprise Partnership, our role has been to hold
rounds of open bidding in order to identify the best projects to receive this investment and determine which will create the biggest economic impact on our area. Why? We want to make our home, the South East Midlands, a place
where people want to live, work and visit. T e Local Growth Fund programme has transformed, and continues to transform, the area, not only signifi cantly boosting the economy, but also creating new jobs, innovative testing facilities, green growth facilities and commercial fl oorspace. At SEMLEP, we pride ourselves on being transparent and accountable throughout everything we do. T is is why, earlier this year,
24 ALL THINGS BUSINESS
Judith Barker Director of Programmes & Governance SEMLEP
we commissioned Focus Consultants to conduct an independent programme-level evaluation on the Local Growth Fund Programme. The evaluation looked at the impact of the
programme on the South East Midlands, as well as identifying lessons learnt and areas of improvement for future delivery. We’re delighted with the findings of our
programme. T e report demonstrates that with clear strategic direction, vision and collaboration, fantastic results can be achieved.
Evauation report highlights: - Economy - At the end of 2020, the new homes and households created as a result of LGF-funded projects were generating an annual increase in local spending of around £25m. By 2030 this is likely to be nearer £186m a year. At the end of 2020, the annual increase in gross value added (GVA is a measurement of productivity) was around £173m, while in 2030 it is projected to be £656m a year. - Education - At the end of 2020 more than 5,500 learners had been trained or were mid-training. T eir increased wages due to new qualifi cations will result in an estimated £5.9m more being
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