Growing Places Fund Citu

The LEP’s Growing Places Fund is investing in a major £125 million business and residential development in South Bank Leeds that will see 316 low carbon homes and a footbridge for cyclists and pedestrians.

The LEP’s Growing Places Fund is investing in a major £125 million business and residential development in South Bank Leeds that will see 316 low carbon homes and a footbridge for cyclists and pedestrians.

Officially named the Climate Innovation District, the project is being led by Citu Low Fold LLP and part-funded by the LEP and Leeds City Council’s Revolving Investment Fund.

There is an on-site modular housing manufacturing facility that will develop the houses for the Citu site.

Phase one is under construction and it will deliver its first homes this year.

The footbridge also funded through Growing Places Fund will connect two parts of the Citu’s development on the facing sides of the river and be accessible to cyclists and pedestrians and open the riverside to members of the public for the first time.

About the Growing Places Fund (LEP Loans)

The Leeds City Region Enterprise Partnership (LEP) Growing Places Fund provides loan funding to kick-start stalled development or infrastructure projects that will create homes, jobs and other economic benefits in Leeds City Region. The initial £35.5m Growing Places Fund investment was provided by Government in 2012, specifically to invest in development schemes that are unable to proceed due to a lack of commercial finance.

Project Lead

CITU (Low Fold) LLP

District/ Area

Leeds

Business case summary

 

Funding

Growing Places Fund £1 million

Project Status

Activity 6: Delivery

Start and end dates

2016- 2020

Delivery partners

West Yorkshire Combined Authority

Other funders

Citu 

Get in touch (contact information)

lcr@leedscityregion.gov.uk