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
• Published: 10 May 2021
• Last updated: 20 March 2023 — See all updates

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

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.