Local Enterprise Partnerships across England have just submitted their bids to the third round of the Local Growth Fund as well as to the DfT’s Local Majors Fund. It will come as no surprise to learn that both funds are heavily over-subscribed. Bids to the Local Growth Fund are reported to exceed available funds by a factor of three. Meanwhile, the value of projects submitted to the Local Majors Fund is about £600m in just one area with aspirations for sub-national transport body...
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