GPIF_open_call_news

The SWLEP has  opened its call to the ‘Growing Places Infrastructure Fund (GPIF)’ to support infrastructure investment by local businesses. 

Businesses can bid for a loan in the region of £1m for infrastructure projects which will result in the creation of new jobs and/or new homes.  The fund is open to businesses, the third sector, higher education and research institutions and the public sector working in partnership with private investors. The SWLEP is particularly looking for applications requiring capital investment to accelerate their project or re-invigorate stalled schemes.

GPIF is a ‘revolving loan fund’ which offers negotiable terms for repayment and a straightforward 2 stage application process. Stage one comprises an application form which will be independently assessed before consideration by the SWLEP Board; this will take 7 weeks from the closing date of the call.  Successful applicant/s at this stage will be provided a notional allocation of funds.   Stage two focusses on developing more detailed business information on issues such as project costs and procurement.  This will take a further 6 weeks.

The SWLEP is keen for eligible private and public sector organisations to apply for GPIF and utilise the opportunity to progress their projects.

Deadline for applications

The deadline to submit applications for a GPIF loan is noon on Friday, 4 August 2017.

GPIF Application support

Further information on the GPIF scheme and application process can be found on the GPIFProspectus.

For any GPIF related queries please email [email protected]