East Mids LEPs in £50m building boost
The East Midlands' LEPs are set to receive a £50m funding boost from the government's Growing Places Fund.
The fund was established to create new jobs and homes by getting stalled infrastructure projects moving again.
A total of £500m was split between the UK's LEPs.
In the East Midlands, £17.4m was awarded to the Derby, Derbyshire, Nottingham and Nottinghamshire organisation; £6.49m to Lincolnshire; £8.9m to Leicester and Leicestershire; £13.1 to the South East Midlands and £3.9m to Northamptonshire.
Ministers suggested that the Growing Places funding could be used for projects including development of strategic link roads and access works to unlock major mixed-use developments.
All £500m will be allocated before the end of January, confirmed the government.
Chief secretary to the Treasury, Danny Alexander, said: "The half-a-billion pound Growing Places fund will kick start local developments across the country.
"This is a flexible fix-it fund that will make a real difference on the ground, improving the lives of local residents and boosting the local economy. From building strategic link roads to reducing congestion, the investment will set businesses free and create jobs."
