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This prospectus sets out the detail on how to access the £50 million part of the Local Growth Fund in 2015 to 2016. The Fund is designed to help speed up and restart housing developments between 250 and 1,499 units that have slowed down or stalled. It aims to support housing schemes which are important for local growth and meet local priorities.
The Fund will operate in a similar way to the Local Infrastructure Fund - recoverable capital investment to the private sector - and will be on an open competition basis with interested parties invited to submit ‘Expressions of Interest’ for funding.