Financial Information
About > Financial InformationFunding
HotSW LEP aims to offer transparency and accountability showing the full extent of its funding programme. The links below set out details of the projects that have received funding via the Heart of the South West LEP investment programmes.
The links include details of grants/loans in relation to the Growth Deals(GD)/Local Growth Fund(LGF), the Growing Places Fund(GPF), the Rural Enterprise Grant(REG) and the Rural Growth Network(RGN).
A number of these projects span several years; the figures refer to the total project award.
Somerset County Council acts as the accountable body for the LEP’s core revenue funding and the Growth Deal /Local Growth Fund. Devon County Council is the accountable body for the Growing Places Fund, Regional Enterprise Grant and Regional Growth Network.
Funding Allocations
This table was last updated on 01st August 2018.
| Project name | Lead | Programme | Start date | Funding (£m) | Funding (£m Match) | Funding (Total) |
|---|---|---|---|---|---|---|
| DC Homes, Bridgwater | DC Homes | GPF (loan) | Apr 2015 | 4.500 | 3.000 | 7.500 |
| Science Park, Exeter | Exeter Science Park Ltd | GPF (loan) | Jan 2013 | 4.500 | 3.450 | 7.950 |
| Millfields, Plymouth | Millfields | GPF (loan) | Nov 2013 | 2.100 | 3.020 | 5.120 |
| Ocean Studios | Plymouth Ocean Studios | GPF (loan) | Apr 2014 | 0.800 | 3.300 | 4.100 |
| Concise Homes | Bridgwater Concise Homes | GPF (loan) | Oct 2013 | 1.436 | 15.000 | 16.436 |
| BDUK Extension (CDS) | Somerset County Council | GPF (loan) | 2019/20 | 4.200 | 16.200 | 20.400 |
This table was last updated on 8th May 2019.
| Project name | Lead | Programme | Start date | Funding offer (£m) |
|---|---|---|---|---|
| Growth Hub | Serco | LGF (GD1/2) | 01/02/16 | 1.010 |
| Yeovil Western Corridor capacity upgrade | Somerset County Council | LGF (GD1) | 05/01/17 | 6.490 |
| Torbay Western Corridor | Torbay Council | LGF (GD1) | 01/06/16 | 8.250 |
| Bridge Road, Exeter | Devon County Council | LGF (GD1) | 07/07/14 | 5.300 |
| Derriford Transport Scheme | Plymouth City Council | LGF (GD1) | 23/02/16 | 10.239 |
| A382 widening, Newton Abbot | Devon County Council | LGF (GD1) | 01/02/16 | 6.500 |
| Torquay Gateway | Torbay Council | LGF (GD1) | 01/02/16 | 2.490 |
| Huntworth Roundabout Bridgwater | Somerset County Council | LGF (GD1) | 01/09/15 | 1.910 |
| A361 Portmore to Landkey Stage 1 | Devon County Council | LGF (GD1) | 01/02/16 | 0.790 |
| Derriford Hospital Interchange | Plymouth City Council | LGF (GD1) | 01/12/15 | 1.400 |
| Taunton Rail Station Enhancements | Somerset County Council | LGF (GD1) | 01/02/16 | 4.600 |
| Torquay town centre access | Torbay Council | LGF (GD1) | 01/02/16 | 0.293 |
| Roundswell Phase 2, Barnstaple | Devon County Council | LGF (GD1) | 01/02/16 | 2.000 |
| A38 Deep Lane junction, Sherford | Devon County Council | LGF (GD1) | 01/03/16 | 2.000 |
| A379 Newcourt junction, Exeter | Devon County Council | LGF (GD1) | 01/02/16 | 1.000 |
| Marsh Barton, Exeter, New Railway Station | Devon County Council | LGF (GD1) | 01/10/15 | 3.521 |
| Plymouth Northern Corridor cycle network | Plymouth City Council | LGF (GD1) | 01/09/16 | 2.100 |
| Plymouth Eastern Corridor cycle network | Plymouth City Council | LGF (GD1) | 06/01/17 | 3.420 |
| Plymouth Charles Cross and Exeter Road | Plymouth City Council | LGF (GD1) | 01/02/18 | 2.10 |
| Bridgwater College Hinkley Skills Capital | Bridgwater College | LGF (GD1) | 26/02/16 | 5.146 |
| Plymouth College Stem Centre | City College Plymouth | LGF (GD1) | 01/06/15 | 5.430 |
| Hinkley HPTA package – Bicton | Cornwall College | LGF (GD1) | 01/02/16 | 0.300 |
| Hinkley HPTA package – South Devon | South Devon College | LGF (GD1) | 01/08/15 | 0.213 |
| Hinkley HPTA package – Petroc | Petroc | LGF (GD1) | 01/02/16 | 0.359 |
| Hinkley HPTA package – Exeter College | Exeter College | LGF (GD1) | 01/06/16 | 2.000 |
| Hinkley HPTA package – National College for Nuclear | Bridgwater College | LGF (GD1) | 01/05/16 | 3.000 |
| Hinkley HPTA package – Yeovil College | Yeovil College | LGF (GD1) | 01/05/16 | 0.637 |
| Somerset Energy Innovation Centre Phase 1b | Somerset County Council | LGF (GD1) | 27/07/15 | 6.5 |
| Exeter Science Park Environmental Futures Campus | Devon County Council | LGF (GD1) | 01/04/15 | 2.498 |
| Somerset College Centre for Engineering | Somerset County Council | LGF (GD1) | 01/02/16 | 0.596 |
| Plymouth Science Park Phase 5 | Plymouth City Council | LGF (GD1) | 01/06/15 | 3.000 |
| Somerset Flooding | Somerset County Council | LGF (GD1) | 27/07/15 | 13.049 |
| Oceansgate/South Yard Phase 1 | Plymouth City Council | LGF (GD2) | 16/03/18 | 1.500 |
| Unlocking Growth Fund – Yeovil Innovation Centre Phase 2 | South Somerset District Council | LGF (GD2) | 15/09/17 | 0.441 |
| Unlocking Growth Fund – Highbridge | Somerset County Council | LGF (GD2) | 30/05/17 | 0.237 |
| Unlocking Growth Fund – Wiveliscombe | Somerset County Council | LGF (GD2) | 23/02/18 | 0.510 |
| Unlocking Growth Fund – Devonport | Real Ideas Organisation | LGF (GD2) | 23/02/18 | 0.497 |
| Unlocking Growth Fund – Wells | Somerset County Council | LGF (GD2) | 19/01/18 | 0.772 |
| Unlocking Growth Fund – South Molton | LGF (GD2) | 0.220 | ||
| Exeter Science Park – SPC Phase 2 | Exeter Science Park | LGF (GD2) | 18/11/16 | 5.500 |
| J25 M5 at Henlade | Somerset County Council | LGF (GD2) | 26/04/17 | 11.65 |
| Tiverton East Urban Extension | Devon County Council | LGF (GD2) | 19/01/18 | 1.500 |
| Youth Construction Skills Project | Devon Communities Together | LGF (GD3) | 23/02/18 | 0.574 |
| South Devon College Hi Tech Centre | South Devon College | LGF (GD3) | 15/09/17 | 8.134 |
| Exeter Science Park (Grow On Buildings) | Exeter Science Park | LGF (GD2) | 01/12/17 | 4.50 |
| Huntspill Energy Park | Sedgemoor District Council | LGF (GD3) | 01/04/18 | 3.94 |
| Hinkley Related Revenue Projects | LGF (GD2 Revenue) | 0.65 |
A monthly highlight report is published with the SIP papers and updated every quarter. This gives a summary of historical and forecast spend by Growth Deal.
The Micro Enterprise Scheme funding programme is closed. Below is a list of all the projects supported by this programme:
| Project name | Lead | Programme | Start date | Funding (£ Grant) | Funding (£ Match) | Funding (Total) |
|---|---|---|---|---|---|---|
| Fibre Harvest | Fibre Harvest | MES | 8/5/13 | 12,000 | 18,000 | 30,000 |
| Hunters Brewery | Hunters Brewery | MES | 8/5/13 | 17,337 | 26,000 | 43,337 |
| LittlePod | LittlePod | MES | 8/5/13 | 17,000 | 25,000 | 42,000 |
| Hillside Foods | Hillside Foods | MES | 6/6/13 | 28,054 | 42,080 | 70,134 |
| Inflatex | Inflatex | MES | 6/6/13 | 11,772 | 17,659 | 29,431 |
| Bluestone Technology | Bluestone Technology | MES | 3/7/13 | 10,734 | 16,101 | 26,835 |
| Tarka Springs | Tarka Springs | MES | 3/7/13 | 30,210 | 45,315 | 75,525 |
| Watts Design | Watts Design | MES | 26/7/13 | 41,227 | 72,181 | 113,408 |
| Virtual Jet Centre | Virtual Jet Centre | MES | 26/7/13 | 45,363 | 57,705 | 103,068 |
| Digitel Technology | Digitel Technology | MES | 9/9/13 | 41,000 | 122,324 | 163,324 |
| Sign-Maker- Dot-Net | Sign-Maker- Dot-Net | MES | 9/9/13 | 34,097 | 51,146 | 85,243 |
| The Wild Beer Co | The Wild Beer Co | MES | 9/9/13 | 59,276 | 88,914 | 148,190 |
| Brown Cow Organics | Brown Cow Organics | MES | 8/10/13 | 47,982 | 71,973 | 119,956 |
| Ludbrook Joinery | Ludbrook Joinery | MES | 8/10/13 | 15,452 | 23,178 | 38,630 |
| Wedgewood Buildings | Wedgewood Buildings | MES | 8/10/13 | 25,060 | 37,590 | 62,650 |
| Filbert’s Fine Foods | Filbert’s Fine Foods/td> | MES | 4/11/13 | 15,800 | 23,700 | 39,500 |
| Mendip Lavender | Mendip Lavender | MES | 4/11/13 | 20,284 | 30,426 | 50,711 |
| South West Archaeology | South West Archaeology | MES | 4/11/13 | 39,400 | 59,100 | 98,500 |
| Woodenways Timberframes | Woodenways Timberframes | MES | 4/11/13 | 14,890 | 22,335 | 37,225 |
| Radford’s Fine Fudge | Radford’s Fine Fudge | MES | 9/12/13 | 14,400 | 21,600 | 36,000 |
| Annie Martin Architect | Annie Martin Architect | MES | 10/2/14 | 20,282 | 30,422 | 50,704 |
| Eternal Kitchens | Eternal Kitchens | MES | 10/2/14 | 56,425 | 84,637 | 141,062 |
| Cherry Tree Preserves | Cherry Tree Preserves | MES | 10/2/14 | 49,771 | 95,846 | 145,617 |
| Absolute Museum & Gallery | Absolute Museum & Gallery | MES | 5/3/14 | 33,022 | 49,534 | 82,556 |
| BT Gray’ Cider | BT Gray’ Cider | MES | 5/3/14 | 14,762 | 22,143 | 36,906 |
| BOOM Sauces | BOOM Sauces | MES | 5/3/14 | 10,720 | 16,081 | 26,801 |
| Hunt’s Cider | Hunt’s Cider | MES | 5/3/14 | 36,058 | 54,087 | 90,145 |
| Kubla Brewery | Kubla Brewery | MES | 5/3/14 | 10,532 | 15,797 | 26,329 |
| West Country Spice | West Country Spice | MES | 5/3/14 | 28,800 | 43,200 | 72,000 |
| Devon Rim Company Ltd | Devon Rim Company Ltd | MES | 9/5/14 | 34,394 | 50,138 | 84,532 |
The Rural Growth Networking funding programme is closed. Below is a list of all the projects supported by this programme:
| Project name | Lead | Programme | Start date | Funding (£ Grant) | Funding (£ Match) | Funding (Total) |
|---|---|---|---|---|---|---|
| Bicton College | Bicton College | RGN | 1/4/13 | 300,000 | 760,000 | 1,060,000 |
| Dartington Hall | Dartington College | RGN | 12/4/13 | 150,000 | 604,810 | 754,810 |
| Holsworthy | Torridge DC | RGN | 1/4/13 | 400,000 | 6,000,000 | 6,400,000 |
| Okehampton | Devon County Council | RGN | 1/4/13 | 190,000 | 2,267,000 | 2,457,000 |
| Somerset – Highbridge | Somerset County Council | RGN | 1/4/13 | 881,587 | 512,946 | 1,394,533 |
| Somerset Units (Minehead & Dulv.) | Somerset County Council | RGN | 1/4/13 | 34,913 | 65,064 | 99,977 |
| Somerset Workhubs | Somerset County Council | RGN | 1/4/13 | 95,752 | 8,018 | 101,518 |
LEP Costs
Other costs in relation to the LEP, including its operational and contract costs are detailed in Somerset County Council’s Spend over 500 publication and the LEP Operational budget is available here:
Budget 2017/18 > Budget 2018/19 >
Accounts
