Bidding guidance for the Local Majors Fund is expected to be published by the DfT imminently. Draft guidance provided to local authorities shows that the £475m will be released over five years as follows: £10m in 2016/17; £45m in 2017/18; £45m in 2018/19; £95m in 2019/20, and £280m in 2020/21.
Local Enterprise Partnerships will bid for the funding. The guidance will set minimum scheme cost thresholds for each LEP – projects below the...
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