In January 2017, the Department for Communities and Local Government confirmed the award of £71.1m to Enterprise M3 as the third allocation of Growth Deal funding which now totals £219.1m.

There are no European Regional Development Fund (ERDF) specifications open at the moment for the Enterprise M3 LEP.

The Enterprise M3 Wood Processing Grant Programme is a £2m initiative over the next 2 years to support enterprising timber businesses.

Enterprise M3 has committed £5.5 million of capital to create a new funding escalator comprising a loan scheme and an equity fund managed by The FSE (Finance South East) Group.

The Enterprise M3 area has been allocated €50m of European Structural and Investment Funding for the 2014-2020 funding period. This is made up of €25.2 of European Regional Development Fund (ERDF), €20.46m of European Social Fund (ESF) and €4.4m of European Agricultural Fund for Rural Development (EAFRD) funding.

Growth Deals provide funds to LEPs for projects that benefit the local area and economy. To date, there have been two tranches of Growth Deal funding - the first in July 2014 and the second in January 2015.

Our Growing Enterprise Fund, which has a total value of £21.7m, is available to help support economic growth by addressing the infrastructure and site constraints that may be impeding development.