We published our regional economic recovery plan, Build Back Stronger, Smarter and Greener in 2020. This identified a range of significant regional advantages and opportunities to stimulate positive economic growth and recovery, beyond the COVID-19 pandemic.
Since then, we have been actively pursuing specific ideas and opportunities with partners for examples of transformational, scalable and lasting projects that can build on existing or emerging regional economic strengths to create growth within places and sectors that will, in turn, stimulate wider market confidence and investment in the region.
In response to our discussions, the Regional Projects Business Case Development Fund was established from unallocated Growth Funds held by Coast to Capital to support a limited number of high-quality project proposals which may not otherwise have the means, capacity or expertise to progress without it.
Between 8 December 2021 and 2 February 2022, applicants were able to apply for between £20,000 and £100,000 of funding, depending on the nature and complexity of the project, to be used specifically toward the creation of a Full Business Case (FBC). Having an FBC prepared will place projects in a ready position to apply for further investment or borrowing, that would in turn enable them to be delivered. Successful projects will also receive an offer of in person support from the Coast to Capital team.
Regional Project Themes
Successful projects will support delivery of one of the following for Regional Project themes:
Net Zero Energy – new forms of clean and low carbon energy generation, adaptation and adoption
Natural Capital – land and marine based opportunities for biodiversity and carbon sequestration
Local Economies – regeneration and reimagining of the role of town centres or local place-based economies
Regional Identity – broader opportunities to develop distinct regional economic specialisms and approaches to stimulating inward investment
The intended timescales for this Fund are as follows:
8th December – Application call opens
2nd February at 5pm – Application deadline
3rd February – 7th February – Application Screening
8th February – 11th February – Application Scoring
14th February onwards – Grant Offer Letters issued
Please note: the Regional Projects Business Case Development Fund is now closed for applications