The Dorset LEP’s Strategic Economic Plan, ‘Transforming Dorset’, was submitted in March 2014 and was used for negotiations with Government for the Dorset Growth Deal. In July 2014, Dorset LEP was awarded £66.4 million from the Local Growth Fund, with a further £12.6 million awarded in January 2015, bringing the total to £79 million.
The Dorset Growth Deal will bring together a mix of local, national and private funding as well as new freedoms and flexibilities to focus on:
- Enabling growth in key housing and employment site
- Creating the right conditions for economic growth
- Supporting Dorset businesses
- Growing the Dorset skills base
In early 2016, the Dorset Strategic Economic Plan was refreshed. Dorset's Strategic Economic Vision is to increase productivity and prosperity in the County over the next decade.
The Dorset Growth Deal funding has been allocated to a number of projects that will help transform the county through better transport, infrastructure, more housing, and more highly skilled jobs for all in Dorset.
The Growth Deal has provided funds for:
- Bournemouth International Growth (BIG) Programme
- Bournemouth and Poole College - Engineering and Manufacturing Project
- Bournemouth and Poole College - Financial and Business Services Project
- Bournemouth University and Arts University Bournemouth Business Park
- Dorset Enterprise Zone
- Dorset Growth Hub
Achievements to date
Local Growth Deals are designed to enable LEPS to better serve their local economy. The £79m Dorset Growth Deal programme expects to bring in £650m of investment to Dorset, along with 26,000 new jobs, and 3,000 new homes.
The Dorset Growth Deal has now reached the end of its first year, the Dorset LEP was awarded £24.35m of Growth Deal funding for 2015/16 to commence the delivery of four capital projects and the Dorset Growth Hub. By the end of March 2016, a total of £17.8m was spent across nine projects in the local economy; delivering 872 new jobs, 52 new homes and £225m of additional local investment for Dorset.
For further Dorset LEP Achievements, see our Reporting page.
Growth Deal 3
Gordon Page, Chairman of Dorset Local Enterprise Partnership said: “We submitted an ambitious business plan to accelerate economic growth across Dorset and are pleased to have been awarded £19.5 million to deliver a range of projects to fuel long-term growth across the county. This vote of confidence by the Government reflects our county’s economic potential and firmly places Dorset on the world map as an outstanding place to do business.”
- Gillingham Access to Growth - transport infrastructure improvements to unlock housing and employment developments;
- Holes Bay, enabling the release of a major housing site in Poole, delivering up to 1,350 new homes;
- Transforming the Lansdowne area of Bournemouth into a major new business district through a package of infrastructure and urban realm improvements;
- Work to increase international investment in, and business at, the ground-breaking Orthopaedic Research Institute at Bournemouth University;
- Providing match funding for key capital enhancements to four Dorset tourist attractions, Literary and Scientific Institute- Bridport, Mary Anning Wing- Lyme Regis, Shire Hall- Dorchester, Swanage Pier- Swanage, boosting productivity by increasing visitor numbers, stay and spend;
- Wallisdown Connectivity, a significant upgrade to the major Bournemouth-Poole commuter road which connects the two University Campuses to Poole, and suffers from congestion at peak times.