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The Investment Funds Programme

Information on the government's Investment Funds Programme.

Investment funds, sometimes referred to as gainshare or earn back, are long-term grants agreed by government with 13 UK localities as part of City Deal, Growth Deal and Devolution Deal programmes.

Areas with investment fund grants are subject to 5-year independent gateway reviews to assess the impact investment funds have made in the local area on economic growth.

“Trailblazer” deeper devolution deals

Devolution deals

City deals

Growth deal

Updates to this page

Published 10 May 2021
Last updated 20 March 2023 + show all updates
  1. Added links to West Midlands and Greater Manchester “Trailblazer” deeper devolution deals.

  2. First published.