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The government has revealed how it will divide an additional 拢270m in funding between regional Local Enterprise Partnerships (LEPs).

Greater Manchester will receive some 拢12 million from the Growing Places Fund; Leeds City Region, 拢11 million; Hertfordshire 拢5m; Lancashire, 拢6 million; while Heart of the South West local enterprise partnership will receive almost 拢7m. (See the table below for a full list of the allocations).

Communities secretary Eric Pickles said the additional funding would allow LEPs to 鈥渦nlock sites for infrastructure development that support new homes鈥� and could be used in conjunction with some 拢150m in Tax Increment Financing (TIF) that councils will be allowed to borrow for projects.

The additional funding comes on top of the original allocations of 拢460m, and more than half of the new money has come from the Department for Transport.

Transport secretary Justine Greening said: 鈥淭ransport infrastructure projects are often the key to unlocking jobs and growth potential, where new link roads or junction improvements can be a catalyst for investment in new regeneration sites of homes and businesses that otherwise might not happen.

鈥淔eedback from the first round of our funding is that lots of projects are transport focused which is why I am delighted to provide 拢150 million from my Department towards the additional 拢270 million for the Growing Places Fund.鈥�

The Department for Communities and Local Government said further details on a competition for allocating funding for TIF schemes would be announced 鈥渋n the spring鈥�.