Posted on: Monday 12 April 2021
On 3 March, the UK Government announced further details on how replacement EU funds will be made available via the Shared Prosperity Fund.
Re-branded the Community Renewal Fund (CRF) for the 2021-22 pilot year, the fund will make £220m available UK-wide to pilot approaches to the longer-term Shared Prosperity Fund.
The CRF prospectus notes that 90 per cent of funding will be revenue and will support bids of up to £3m. The fund will focus on skills, local businesses, communities and place, and employment, and will be run on a competitive basis.
The UK Government anticipates supporting a range of projects by theme and size, but applicants are encouraged to maximise impact and deliverability through larger projects (£500,000+) where this is possible.
The UK Government has identified 100 priority places for the CRF and the fund will be led by local authorities who are expected to submit shortlists of projects to UK Government before noon 18 June. Bids will then be assessed by the UK Government’s Ministry of Housing Communities and Local Government, with announcements on successful bids made in late July. All projects must be completed by 31 March 2022.
Organisations interested in applying for funds should visit the UK Government Community Renewal Fund web pages at - https://www.gov.uk/government/publications/uk-community-renewal-fund-prospectus
Any legally constituted organisation can apply for funding – local authorities, public sector organisations, higher and further education institutions, private sector companies and registered charities.
The UK Community Renewal Fund is a competitive process and Lead Authorities (Torfaen County Borough Council) and the UK Government will not enter into discussions with bidders.
Torfaen County Borough Council will invite UK CRF grant proposals on the 20th April 2021 with a deadline for submission at 5pm on 7th May 2021.