The Black Country Local Enterprise Partnership (LEP)
successfully secured an initial £9.6 million from the government’s Growing
Places Fund but has now been informed that its funding has increased by more
than £100,000.
The Black Country will
now receive over £100,000 of additional funds due to changes to the 2010
government figures being used to distribute the funding.
This takes the Black
Country share of the £500 million national pot to £9,786,886 million from its
original allocation of £9,619,452. The LEP will now be looking to allocate the
funding to address key obstacles that have stalled development in the area.
These barriers may have
been in relation to infrastructure or site constraints or due to a lack of
buildings or assets, which can be overcome with appropriate funding.