MQT Answer: London Growth Fund
London Growth Fund
Question No: 2096 / 2012
Andrew Dismore
In your manifesto you said, “I will also use £25 million from the new London Growth Fund, to invest in job and skill creation programmes through the London Enterprise Panel” and “Launch a new £35 million revolving fund, through the London Growth Fund, to provide low-cost loans to small and medium-sized businesses.” Can you explain how will you do this when the current London Growth Fund is only worth £41m?
Written response from the Mayor
The London Enterprise Panel was awarded an initial £41 million as of part of the Growing Places Fund in February 2012. In addition to this initial allocation, the LEP was also allocated a further £70 million via the Growing Places fund, announced as part of the last Budget.
