LEAP is responsible for the management and oversight of a range of funding streams. By 2020, LEAP will have committed over £300million in growth funding and, over the next 20 years, we estimate that LEAP could generate a further £950million in business rates from the Royal Docks Enterprise Zone. Through our flagship regeneration fund ‘the Good Growth Fund’ we will invest nearly £70m to empower London’s people, strengthen London’s places and grow London’s prosperity. Through the £114m Skills for Londoners Capital Fund we have already awarded £35.6m to 64 projects. Visit our projects and priorities page to find out more about our existing investments.
High Streets for All Challenge
The High Streets for All Challenge is an invitation to local partnerships to bring forward and co-design innovative high street recovery strategies and proposals. Each strategy can address common and local challenges and underpin the public re-imagining of high streets and town centres across London. Strategies can support actions across an entire high street or focus on an innovative exemplar high street recovery project. The Challenge will provide targeted advice and funds – up to £4 million of strategic enabling funding from June 2021 – to inspire and help form these partnerships, prepare strategies, propose projects and test their effectiveness. It will support local engagement and promote a culture of ideas, experimentation and invention. And it will build a pipeline of schemes for future investment opportunities.
Stage 1 applications are now open and close at 4pm on Monday 17 May 2021. Read the full Playbook and download the application form now.
Greater London Investment Fund
The Greater London Investment Fund (GLIF) launched in May 2019 and is made up of two funding streams; equity or debt finance, find out more.
Pay It Forward
Pay It Forward was launched in April 2020 and offers small businesses across the city the chance to pre-sell their services during the coronavirus shut down.
In July 2020 the LEAP was allocated £1.6m of ERDF funding to help businesses get back on track.
The support will be fully funded by the government from the England European Regional Development Fund and distributed through the London Growth Hub in September 2020.
The Grant Support will be available for small and medium-sized enterprises (SMEs) in London, to support them through these unprecedented times due to the economic crisis caused by the global COVID-19 pandemic.
Eligible SMEs will have access to grants between £1,000 – £5,000 to help them access business and professional services such as legal and financial advice or help to adopt new technology and purchase equipment that will help them get back on track to address their immediate needs in response to the impact of COVID 19.
There will be two separate pots of funding being made available:
For SME’s in the Visitor Economy sector
For SME’s in the wider economy (which covers all other sectors)
The Fund will be launched in September 2020 but to register your interest now click here