Bids sought for UK Community Renewal Fund projects to deliver local growth
Organisations across Sefton are being encouraged to bid for funding from the from the national £220 million UK Community Renewal Fund.
Aiming to “support people and communities in need across the UK,” the Fund will invest in skills, communities, businesses, and by supporting people into employment.
Local growth priorities
Bids should be for a minimum value of £500,000 and should show how they can deliver the key local growth priorities of:
- Investment in skills.
- Investment in local business.
- Investment in communities and place.
- Supporting people into employment.
Applications must be submitted by Noon on Monday 17th May 2021 and projects must be delivered, with all activity completed, by 31 March 2022. Confidence that funding will be spent within that time-frame will be another key criteria in assessment.
As 90% of funding available through the UK Community Renewal Fund is revenue funding and only available in 2021/22, projects should be predominantly, or exclusively, revenue based.
The Government has introduced the fund as it prepares for the launch of the UK Shared Prosperity Fund in 2022 to replace EU Structural and Investment Funds (ESIF).
The Government has designated Liverpool City Region Combined Authority as a lead authority, responsible for selecting bids that will be sent to the Government for consideration and paying grants to successful projects and manging their performance. In selecting bids to be forwarded to be considered by the Government, the Combined Authority will prioritise projects that have the greatest potential to deliver the key local growth priorities.