Good Growth Fund
The Good Growth Fund is LEAP's new £70 million regeneration programme to support growth and community development in London. The fund will support projects that are inclusive, innovative and which demonstrate an outstanding approach to challenges faced across London.
Applications are now open to public, private and third sectors organisations (including London boroughs, community groups and charities) - to drive regeneration in their area. You'll also receive expert advice and support in regeneration and design as well as knowledge sharing opportunities.
Business Air Quality Fund
LEAP has invested £1m to establish the Mayor's Business Air Quality Fund. The fund will provide grants of up to £200,000 to deliver Business Low Emission Neighbourhood to reduce pollution on high streets, around offices or within retail parks.
This brand new fund is open to businesses and business groups (including Business Improvement Districts) to deliver improvements that will help make your local area more pleasant for customers and staff to walk and cycle in, as well as helping businesses to reduce their emissions and running costs.
Find out more about the Mayor's Business Air Quality Fund (external link).
Digital Talent Programme
The £7m Digital Talent Programme will offer training opportunities for young people and will focus on supporting women’s and ethnic minority groups to gain the skills needed to find employment within London’s digital, technology and creative sectors.
The Digital Talent Programme received the majority of its funding from the LEAP with the aim to help improve on the 17 per cent women that work within the industry.
The programme also plans on increasing opportunities for Londoners from disadvantaged communities and increase the number of Black, Asian and other ethnic minorities into working within crucial sectors for the capital’s economy.
The programme will support 1,500 young Londoners; offering work placements, creating tailored learning opportunities, assisting university students and helping businesses access the skills they need.
Stand Two of Digital Talent Funding is currently open for bids - find more information here.
Skills for Londoners Capital Fund
Over £110m of LEAP funding is available for investment into estate and equipment for London's skills providers over the next four years. This aim of this fund is to:
- respond to current and future skills requirements of employers and learners, improve quality of provision and learner satisfaction, progression and success rates
- support increased levels of apprenticeship delivery and/or progression to the highest levels of vocational and technical study
- establish strong and innovative partnership with employers and local stakeholders
Funding is aimed at skills providers - more information and how to apply can be found here.
London Co-Investment Fund
We currently have funding opportunities available through the London Co-Investment Fund, an £85m fund to support more than 150 science, technology or digital companies based in London and demonstrably committed to creating jobs in the capital.
The Mayor of London has announced a new round of Crowdfund London, which offers funding of up to £50,000 from the LEAP offered to match crowdfunding campaigns launched by organisations seeking to deliver civic improvement projects.
Crowdfund London gives anyone the chance to pitch new ideas to help make their communities and local area better. The programme uses new technology to help people come together to create, fund and launch local initiatives that can have a big social and civic impact.
What you need to know:
- Communities need to come together to create something new and exciting to benefit the whole neighbourhood. You can access resources and guidance here.
- The Greater London Authority is holding events to introduce the offer and help you plan. Get an up-to-date list of workshops & sign up here.
- Groups need to be ready to run a crowdfunding campaign and pitch to our fund on Spacehive by 3rd September. The Mayor will pledge to campaigns towards the end of October and if all goes well, cash will be available to start projects at the beginning of 2019.
- We will only pledge up to £50,000 and no more than 75% of the total project cost, so groups will need to raise at least 25% from the rest of the ‘crowd’ – people, businesses, pubic funders and so on – but the campaign should be about showing local commitment.
Full details of what to do now and what to expect are available here
London's Enterprise Zone is within the Royal Docks in East London, an area that provides a fantastic opportunity to develop in excess of 5 million square foot of commercial space along with homes and jobs.
The LEP has a strategic oversight role for the Royal Docks Enterprise Zone. The LEP is also due to retain business rates growth generated within the Royal Docks for at least 25 years for reinvestment in local economic growth. This will provide a significant income stream for the LEP to reinvest in securing jobs and growth for London over the coming years.
Finding workspace in London
The LEP is working on a number of initiatives to support London's businesses find affordable workspace. This includes the development of an interactive map and the establishment of the London Open Workspace Providers Group, which is working to ensure providers of existing Incubators, Accelerators and Co-working (IAC) spaces can inform emerging workspace policies, share learning, and engage with boroughs and developers.