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New Homes Bonus fund

About the fund

Please note that the New Homes Bonus Fund is now in delivery.

The Government’s first Growth Deal for London, announced in July 2014, included £70m of New Homes Bonus (NHB) funding. This funding is being used by London’s boroughs on projects which support the LEP’s Jobs and Growth Plan.

NHB is a non-ring-fenced grant to local authorities, calculated broadly on the number of homes built in each local authority. All London boroughs have contributed a proportion of this funding to the £70m, based on their NHB allocation for 2015-16. Each borough’s NHB money is being returned to its local community via the LEP NHB Programme.

Borough proposals have been assessed on how well the activity funded aligns with the LEP Jobs and Growth Plan.

The programme is now delivering the following:

  • getting long-term unemployed Londoners back into work with employer-focused programmes that aim to integrate local services
  • driving local economic growth by re-vitalising and diversifying London’s high streets
  • providing much needed incubator, accelerator or co-working spaces for small businesses
  • supporting small businesses to grow, focusing on sectorial and local opportunities, and to become more energy efficient
  • unlocking key development sites to deliver jobs, homes and commercial space and ensure local people benefit from these opportunities

The NHB fund is made up of 127 proposals, across these seven themes:

  • Apprenticeships, skills and training: 42 proposals (funding value: £21.68m)
  • Business support: 17 proposals (funding value: £6.08m)
  • Digital, creative, science and technology: 2 proposals (funding value: £1.03m)
  • High streets: 30 proposals (funding value: £22.76m)
  • Places of work: 17 proposals (funding value: £11.74m)
  • Resilience and low carbon: 7 proposals (funding value: 0.79m)
  • Unlocking development: 12 proposals (funding value: 5.93m)

Award: £1,677,550

Projects:

  • Haringey NHB LEP Programme
  • Haringey Low Carbon Innovation Hub
  • Haringey High Streets
  • Haringey Places of Work and Business Support

Award: £716,347

Projects:

  • Central London Forward (CLF) Construction Careers
  • Creative Spaces for Creative Enterprises
  • Families and Communities Employment Service
  • Passport to Knowledge and Creativity

Award: £2,260,835

Projects:

  • Lewisham Enterprise Hubs

Award: £2,559,196

Projects:

  • Employment Routeways
  • Engagement and Aftercare
  • Older Workers Employment Network (OWEN)
  • Targeted Geographic Interventions
  • Reviving Town Centres
  • Unlocking Development -Raising Aspiration
  • Unlocking Development Nine Elms
  • Event Nine Elms
  • Supply Chains -Supply Nine Elms
  • Networking Wandsworth
  • Food Enterprise Silicon Junction
  • Central London Forward (CLF) Construction Careers

Award: £2,246,081

Projects:

  • Gateway Hillingdon

Award: £1,617,842

Projects:

  • Building Resilience - Business
  • Buidling Community Resilience -Apprenticeships and Skills
  • Building Resilience -Unlocking Development

Award: £887,107

Projects:

  • Hampton Hill High Street Improvements

Award: £3,333,641

Projects:

  • Newham Employment Programme

Award: £1,064,151

Projects:

  • Barking Market and East Street Public Realm:
    -Job Shop Community Outreach
    -Places of Work

Award: £1,368,807

Projects:

  • Supporting our Retail Businesses
  • Build Havering
  • Havering Business Support, Incubation and Engagement
  • Building Energy Resilience through Renewables
  • Care Havering

Award: £1,032,363

Projects:

  • The Exchange @Kingston
  • North Kingston Public Realm Movement and Access

Award: £1,041,309

Projects:

  • Merton Business Resilience through Energy Efficiency
  • Morden Shopping Parade -A Retail Gateway
  • Merton - Unlocking Development in Morden

Award: £1,060,315

Projects:

  • Harrow Meanwhile Use and Business Entrepreneurship
  • Harrow Unlocking Development

Award: £2,493,030

Projects:

  • Workspace for Business
  • Transforming High Streets and Supporting Businesses
  • NHB NEET Prevention Programme
  • Jobs,Skills and Apprenticeships
  • Workspace for Business

Award: 2,727,836

Projects:

  • Thornton Heath High Street Regeneration Programme

Award:£2,136,280

Projects:

  • Enhancement of Kings Cross Construction Skills Centre
  • STEM and Creative Higher Apprenticeships Programme
  • Liddell Road Employment Space
  • CLF Consruction Careers Programme

Award: £919,234

Projects:

  • Sutton Apprenticeship Hub
  • Entrepreneurs' Market
  • Unlocking Beddington Strategic Industrial Location
  • Sutton Town Centre Northern Gateway

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