Businesses and organisations urged to apply for major funding opportunity

Thursday 3rd of May 2018 11:25 AM

Coventry and Warwickshire businesses and organisations are being invited to apply for a share of at least £2 million of funding to boost culture, tourism and the wider economy in the area.

Since it was established in 2011, the Coventry and Warwickshire Local Enterprise Partnership (CWLEP) has managed more than £360 million of funds which have contributed to projects to enable the area’s growth and create jobs.

Applications are now being invited from businesses and organisations to establish a further pipeline of projects or programmes which the CWLEP could invest in.

Successful businesses will need to prove their ideas will have a significant positive impact on Coventry and Warwickshire’s economy and that they will be produced on time ahead of 2021 when Coventry is UK City of Culture and 2022 when Birmingham hosts the Commonwealth Games.

Jonathan Browning, chair of the CWLEP, said the extra funding had become available through a combination of the Government’s Local Growth Fund and Growing Places Fund.

He said: “Over the last seven years, we have managed funding for schemes, delivered in partnership with our stakeholders, which have made a real difference to our area such as the National Transport Design Centre in Coventry, Venture House in Stratford-upon-Avon and the new STEM Centre at Warwickshire College.

“Due to the nature of delivering a wide portfolio of capital schemes, a number of projects have had to return funding to CWLEP which means there is currently £2 million of unallocated funding, which has a potential to rise, at the CWLEP’s disposal to deliver against the priorities of our Strategic Economic Plan and emerging local Industrial Strategy.

“This pot of CWLEP funding could increase further if other schemes are not able to meet the deadlines put in place to use their funding from the Local Growth Fund or Growing Places.

“A great deal has happened locally and across the region since we last issued a call for projects.

“With Coventry having been awarded UK City of Culture 2021 and Birmingham holding the Commonwealth Games the following year, we are looking for applications that focus on making significant contributions to the culture and tourism priorities of the CWLEP’s Strategic Economic Plan as well as growing Coventry and Warwickshire’s economy.

“Priority will be given to those applications that have already secured planning permission or are confident of achieving the go-ahead within six months of submitting their application.

“This is a really exciting time for Coventry and Warwickshire as our profile raises nationally and internationally and this is a great opportunity to ensure we make the most of the opportunities which come our way.”

Applications close on Friday, August 31. For more information or to download an application form, visit www.cwlep.com/open-call-guidance