Coast to Capital has launched a new call for growth projects that will be funded from unallocated Growth Deal 1 and Growth Deal 2 funds. All projects funded from the Growth Deal are expected to contribute towards the Coast to Capital Strategic Economic Plan, the Coast to Capital Industrial Strategy Response and the Coast to Capital Business Plan 2017/18, to deliver economic outputs such as new jobs, homes and employment space.
We are looking for high impact, capital expenditure projects that will make a real difference throughout our region under the following priority areas:
- Digital - projects that provide digital transformation and digital infrastructure
- Innovation - projects that support new innovation and start up business creation
- Teaching and research - facilities to provide teaching and research facilities and/or skills based training in digital and innovation areas, across further and higher education sectors in close proximity to the M23, A23 corridor
- Infrastructure - increased capacity in sustainable transport and 'key' arterial routes where there are 'bottlenecks', together with flood resilience and digital infrastructure investment
- International - projects where there is a demonstrable case that investment will generate proportionate foreign direct investment and international trade
- Regeneration and Housing - projects that increase capacity and footfall and unlock new employment space
- Destination Management - projects to increase high value tourism to the Coast to Capital region
Projects must meet a strict criteria and the minimum funding that can be applied for is £100,000 and the maximum is £5,000,000. This has been split out into two schemes - small projects between £100,000 and £500,000 and large projects between £500,001 and £5,000,000. All projects will need to be matched by at least 50% for non-transport projects and at least 15% for transport projects.
Tony Middleton, Coast to Capital Chief Operating Officer said:
"We are delighted to be launching this call for strategic growth projects and we are looking for game-changing capital expenditure projects that will make a real impact within our region."
The call for projects will be open until 12pm on Friday 8 September 2017 and any application received after this deadline will not be considered for funding.
For more information about how to apply including the criteria used to assess bids please visit the Coast to Capital website - http://www.coast2capital.org.uk/new-call-for-bids-local-growth-funding
If you have any questions related to this call please send them by email to localgrowthfund@coast2capital.org.uk. For enhanced transparency will publish a FAQ section on the website with our response to any questions asked.
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