Local Investment Plan

What is a Local Investment Plan?

A Local Investment Plan is a document which sets out the investment required for an area, in our case Cambridgeshire. The national Homes and Communities Agency has asked Local Authorities to produce these plans in order to inform funding discussions. The investments set out in the plan will be those required to deliver the agreed economic, housing and environmental ambitions of Cambridgeshire. The plan will identify needs to be addressed, based on robust evidence from local strategies, including the Sustainable Communities Strategy, Local Development Frameworks and infrastructure planning work.

Why are we doing a Local Investment Plan?

The objectives of the Local Investment Plan are to show the Homes and Communities Agency that investment in Cambridgeshire will meet key policy objectives and offer excellent value for money; demonstrate how growth, housing and regeneration projects can come forward, and express our collective priorities.

How will the Local Investment Plan be produced?

Cambridgeshire Horizons and Cambridgeshire Together have been tasked with coordinating the Local Investment Plan and will also be working with colleagues across the local authorities, and with the Cambridge sub-regional Housing Board to achieve this.

In order to ensure that the Cambridgeshire Local Investment Plan is clear, crisp and focused, it will be structured as a framework document. It will signpost to the detailed work that has already been completed rather than repeating existing material. After setting out this framework, it will describe the work programmes in place to achieve existing strategies and targets. It will also set out the resources that these will require, focusing on areas needing Homes and Communities Agency investment.

What happens when the Local Investment Plan is written?

Once the information on priorities has been collected from each district, the draft Local Investment Plans will go through appropriate member processes at each Local Authority, including discussion at cabinet or equivalent. This will ensure that the Cambridgeshire Local Investment Plan develops in a transparent, accountable manner.

Once the draft has been agreed by all Local Authorities, it will be discussed by the Cambridgeshire Horizons Board, which leads the managing growth theme of the Local Area Agreement.

What does it look like?

Click here to open the final Cambridgeshire Local Investment Plan in pdf format. This is has been approved by all six of the Cambridgeshire local authorities at the March 2011 Horizons Board meeting.