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Local Growth Programme invests £207m in Greater Birmingham projects

Funding milestone hit as local enterprise partnership allocates all of its funds

Tim Pile, chairman of Greater Birmingham & Solihull Local Enterprise Partnership

A funding scheme aimed at boosting Greater Birmingham and Solihull has invested more than £200 million since launching in 2015.

The Local Growth Fund programme, run by Greater Birmingham and Solihull Local Enterprise Partnership, has now committed all of its funds, totalling £207.9 million, to 100 projects across the city region.

Among them is £20 million towards the revamp of Alexander Stadium ahead of the 2022 Commonwealth Games and £6 million for the renovation of Symphony Hall.

The LEP said the overarching aim of its investments was inclusive economic growth with a focus on projects such as creating commercial space, the growth of low carbon initiatives and supporting skills.

It added that these 100 projects had so far created 13,000 jobs, helped more than 3,000 new learners and enabled 1,500 homes to be built.

The LEP said it was now on track to unlock £500 million of match funding.

Chairman Tim Pile said: "We are proud to have reached this significant milestone and have such strong figures to back up the impact we have made.