Collection

The Investment Funds Programme

Information on the government's Investment Funds Programme.

• From: Department for Levelling Up, Housing and Communities and Ministry of Housing, Communities & Local Government (2018 to 2021)
• Published: 10 May 2021
• Last updated: 20 March 2023
  Show all updates

  1. 20 March 2023

     Added links to West Midlands and Greater Manchester “Trailblazer” deeper devolution deals.

  2. 10 May 2021

     First published.

Investment funds, sometimes referred to as gainshare or earn back, are long-term grants agreed by government with 13 UK localities as part of City Deal, Growth Deal and Devolution Deal programmes.

Areas with investment fund grants are subject to 5-year independent gateway reviews to assess the impact investment funds have made in the local area on economic growth.

“Trailblazer” deeper devolution deals

• West Midlands Combined Authority: “Trailblazer” deeper devolution deal
  • 15 March 2023
  • Policy paper
• Greater Manchester Combined Authority: “Trailblazer” deeper devolution deal
  • 15 March 2023
  • Policy paper

Devolution deals

• Cambridgeshire and Peterborough devolution deal
  • 16 March 2017
  • Policy paper
• Devolution to the Greater Manchester Combined Authority and transition to a directly elected mayor
  • 22 November 2017
  • Corporate report
• Liverpool devolution deal
  • 16 March 2016
  • Policy paper
• North of Tyne Combined Authority devolution deal
  • 8 November 2018
  • Policy paper
• Sheffield devolution deal
  • 2 October 2015
  • Policy paper
• Tees Valley devolution deal
  • 23 October 2015
  • Policy paper
• West of England devolution deal
  • 16 March 2016
  • Policy paper
• West Midlands devolution deals
  • 23 November 2017
  • Policy paper
• West Yorkshire devolution deal
  • 26 March 2021
  • Policy paper

City deals

• City Deal: Cardiff Capital Region
  • 15 March 2016
  • Policy paper
• City Deals: Greater Cambridge
  • 20 June 2014
  • Policy paper
• City Deal: Glasgow and Clyde Valley
  • 20 August 2014
  • Policy paper

Growth deal

• Leeds City Region: Growth Deal
  • 29 January 2015
  • Policy paper