Growing Places Infrastructure Fund (GPIF)
The Growing Places Infrastructure Fund is a repayable grant fund. It invests in infrastructure projects that are in line with local economic priorities. These projects may have been stalled by recent economic turbulence and/or need extra funding in order to "tip the balance" and accelerate delivery.
A repayable grant fund means that investments return capital over the short/medium term, which is then recycled into new projects to further stimulate our economy. The grants focus on four strategic priorities:
- Inward investment
- Stimulating growth within the existing business base
- Job creation, education and skills
- Economic infrastructure.