Growth deals provide funds from theGovernment of the United Kingdom tolocal enterprise partnerships, for projects that benefit the local area and economy. They are promoted by theMinistry of Housing, Communities and Local Government,Department for Business, Energy and Industrial Strategy,Cabinet Office, andDepartment for Transport.[1] They are collaboratively funded bylocal government.
Regional growth deals in Scotland are administered by theScottish Government.[2] Whereas in Wales, they are administered byCorporate Joint Committees.
In 2020, a growth deal forNorth Wales was signed.[3][4][5] They are also active in theBlack Country.[6]In March 2021, a £450 million Growth Deal for theBorderlands was signed; affecting border counties ofCumbria andNorthumberland.[7]
| Area | Cost |
|---|---|
| Argyll and Bute | £70 million[8] |
| Ayrshire[9] | £148.5 million[10] |
| Borderlands[11] | £450 million[12] |
| Falkirk | £90 million[13] |
| Greater Manchester | £1 billion[14] |
| North Wales[15] | £240 million[5] |
| Mid Wales | £110 million[16] |
| Scottish Islands[17] | £335 million[18] |
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