The Community Renewal Fund (CRF) was announced in the March 2021 Budget. The CRF is a short-term fund, operating just for 2021/22 with express intention of enabling and supporting innovative new ideas and to pilot programmes and approaches to support local economic development which can inform the longer-term UK Shared Prosperity Fund (the Government’s replacement funding for the European Structural & Investment Funds). In particular, the Government wish to test and explore greater integration of types of interventions and greater flexibility between investment themes than under the EU structural funds programme.
Applications to this fund must be made through identified Lead Authorities. Lead Authorities are responsible for inviting project proposals for funding, appraising these applications and producing a shortlist of projects up to a maximum of £3 million per place for submission to UK government who will then select projects in line with selection criteria they have developed. Bids can only come through the lead authorities.
For Warwickshire, the lead authority for this fund is Warwickshire County Council.
A call for applications for this fund has been launched:
Project applications must be made using the application form (DOCX, 155 KB).
Support with applications is available from Coventry and Warwickshire Local Enterprise Partnership. Applicants can email [email protected] for advice and help in assessing whether their proposal is suitable and, if so, how best to shape their application.
Applications should be submitted via to [email protected] by 17:00 on Thursday 20 May 2021.