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Fund title: Community Renewal Fund

Focus of fund/fund aims:

Funding of up to £24m across Devon is available to encourage innovative schemes to help kickstart the local economy by investing in skills, helping people into employment, supporting local businesses to grow and develop, and helping local communities become more resilient and sustainable.

Application deadline:

19 May 2021

Fund description:

Applications for funding have opened in Devon for a new fund to help kickstart local economies. The Community Renewal Fund is a one-year pilot, potentially worth up £24m across Devon this year, and is a trial for the Government’s ‘Shared Prosperity Fund’.

Devon County Council is looking for organisations with great ideas to help boost Devon’s economy, and help people and businesses hardest hit by the coronavirus pandemic.

The aim is to encourage innovative schemes that will invest in skills, help people into employment, supporting local businesses to grow and develop, and help local communities become more resilient and sustainable.

The County Council is specifically inviting bids in line with set priorities – key themes include digital inclusion; schemes that encourage business and employment growth in sectors such green engineering, health and agritech; encourage entrepreneurship and business start-ups; and that focus on the green economy.

The Community Renewal Fund within Devon is open to project proposals from any project covering all or part of the Devon administrative county area. This is made up of the 8 Districts (‘Places’) of North Devon, Mid Devon, Exeter, East Devon, Teignbridge, South Hams, West Devon and Torridge.

As part of the Government’s approach to the Community Renewal Fund however, it has identified 100 ‘priority places’ around the country which it wishes to promote through the fund. Within Devon, these are Torridge and West Devon. Devon County Council would therefore particularly welcome bids which prioritise activity within these two districts.

The County Council is inviting bids from a wide range of applicants, including but not limited to local authorities, universities, voluntary and community sector organisations and umbrella business groups. Projects put forward should have a minimum value of £500,000 and should be primarily revenue activity.

As the lead authority, Devon County Council will assess all bids it receives and then submit a final package of proposed activity to Government, up to a maximum of £3m per place. The UK Government will assess all bids submitted by lead authorities and announce the outcome from late July 2021 onwards.

Further information:

https://www.devon.gov.uk/economy/document/community-renewal-fund/