Getting Building Fund
The Getting Building Fund is a Government fund aimed at supporting the delivery of shovel-ready infrastructure projects to boost economic growth, fuel local recovery and create jobs. The investment is being targeted in areas facing the biggest economic challenges as a result of the pandemic.
Eight schemes across Kent have been successfully allocated funding to deliver jobs, skills and infrastructure across the county.
In June 2020, Local Enterprise Partnerships were invited to put forward projects for the Getting Building Fund. Specifically, the Government were looking for shovel-ready capital projects which can be delivered within 18 months.
The overarching objectives of the fund are to drive economic growth, create new jobs and support green recovery. This includes funding to enable:
- town and city centre modernisation through targeted infrastructure investments, unleashing their longer-term economic potential
- investment in physical connectivity to improve the functioning of the local economy
- investment in the innovation ecosystem including improvements to research and development facilities, driving up business productivity
- improvements to human capital
- improving digital connectivity, in order to support economic performance, particularly in more isolated areas.
Nationally, the size of the Getting Building Fund pot totals £900 million. From this, South East Local Enterprise Partnership has been successfully allocated £85 million from the Getting Building Fund. This funding must be spent by 31 March 2022.
This project awarded voucher funding for community broadband projects from September 2020 to January 2021. The funding enabled broadband connections to businesses and residents that were unable to access connectivity of 30 Mbps or above.
The Discovery Park Incubator project will deliver flexible, collaborative workspace in which life science start-ups and Small and Medium Enterprises can establish their operations and grow as part of an innovative community.
Read more about the Incubator Research and Development facility, Discovery Park, Sandwich.
Javelin Way is an employment site on the Henwood Industrial Estate in Ashford. This project will support the development of the site for employment use, with a focus on the development of Ashford’s creative economy.
Read more about the Javelin Way Development.
This project will provide a new Performing and Production Digital Arts Facility at North Kent College’s Dartford campus. This will enable the college to maintain and develop its established strengths in performing arts and digital design, respond to growing student demand and contribute to the long-term growth of the creative and cultural sector.
This project will develop land at Mountfield Road Industrial Estate in New Romney. This includes the development of a business hub and supporting road network, with the aim of creating a more sustainable economic future for the area.
Thanet Parkway is a new station in East Kent located on the Ashford International to Ramsgate line. Thanet Parkway will increase rail connectivity between East Kent, London and the wider Kent area by providing access to mainline and high speed services.
This project will deliver ‘The Meeting Point’ in Swanley town centre – a new and innovative ‘work hub’ alongside 17 new homes. This will be achieved through the redevelopment of a prominent site which is in Sevenoaks District Council ownership and which has been redundant for several years.
This project will be a new arts facility in the heart of Gravesend town centre, offering gallery space, a range of activities linked with an active cultural programme, and workspace for creative businesses. This will be delivered through the redevelopment of two vacant adjacent units in the St George’s Centre, which are owned by Gravesham Borough Council and which together occupy a prominent site.