Growth Hubs: Finance

(asked on 27th January 2023) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much funding has been provided to Growth Hubs in each year since their establishment.


Answered by
Kevin Hollinrake Portrait
Kevin Hollinrake
Minister of State (Department for Business and Trade)
This question was answered on 1st February 2023

In 2022/23 BEIS provided £11m of core funding for the 38 Growth Hubs.

Levels of historic Growth Hub core funding by BEIS from 2015/16 to 2021/22 are set out in the Industrial Development Act 1982: Annual Report 2021 to 2022 (paragraphs 106 - 110).

Local Enterprise Partnerships and their Growth Hubs are encouraged to seek additional sources of funding, and have also delivered a number of separately funded programmes on behalf of Government.

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