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# Local Growth Board Adopts Innovative Finance Model
- URL: https://www.industrialbriefs.com/local-growth-board-adopts-innovative-finance-model/
- Published: 2026-03-31T19:11:16.000Z
- Updated: 2026-06-06T01:01:58.000Z
- Description: The Greater Norwich Growth Board has adopted an innovative new finance model, becoming the first in the country to collectively borrow finance for major infrastructure development. The model utilizes the government's Public Works Loans Board and marks a unique collaboration in local government.
- Author: IndustrialBriefs
- Tags: construction, policy

# Local Growth Board to Use Innovative New Finance Model

The Greater Norwich Growth Board (GNGB) has become the first example in the country of authorities working together to collectively borrow finance to accelerate the development of major infrastructure across their region.

## Key Details

- The GNGB agreed to establish an innovative new loan scheme utilizing the government's Public Works Loans Board at its recent board meeting on Wednesday, 27 September.
- All partners of the GNGB agreed to the establishment of the loan scheme, marking a unique collaboration in local government.