The Growing Places Infrastructure Fund (GPIF) is a capital only fund used to invest in infrastructure projects that deliver sustainable economic growth within the Swindon and Wiltshire area. It is a repayable loan to support projects that will create new jobs. These projects may have been stalled or need extra funding in order to "tip the balance" and accelerate delivery.

GPIF Open Call 2018

The SWLEP manages the fund which is worth £8m and we release it through an open call process. Our 2018 GPIF Prospectus and application form can be accessed from the buttons on the right of this page.

We are currently seeking applications from £750,000 up to around £2m in support of capital projects that help stimulate innovation, enterprise, growth or productivity gains in the Swindon and Wiltshire area. Loan payments will be made in line with the development plan for the investment.

GPIF is a ‘revolving loan fund’ which offers negotiable terms for repayment and a straightforward 2 stage application process.

Stage One comprises an online application form which will be independently assessed before consideration by the SWLEP Board; this is expected to take 3 weeks from the closing date for applications.

Stage Two focuses on developing more detailed business information on issues such as project costs and procurement.  This second stage is expected to take three weeks from the date of submission of the detailed business information to the final decision.

The deadline for applications is 17.00 on 4th May 2018 and projects are expected to be initiated this year and completed by March 2021. Further details can be found in our new Prospectus, in particular Appendix 1, which sets out key things to consider before applying.  

In February 2018 a GPIF loan agreement was signed between Concertare Lansdowne Court, The Woods Group and Wiltshire Council (acting as the SWLEP’s accountable body) for £1,279,235 towards the construction of a new HQ and warehouse facility on Bumpers Farm Trading Estate, Chippenham.

For further details about the GPIF Programme, please email Phil Clement, Head of Investment & Export at the Swindon & Wiltshire Local Enterprise Partnership on  Phil.Clement@swlep.co.uk.

 

Video courtesy of Concertare