Local Growth Fund
Business & Skills Capital Grant Funding
The Buckinghamshire Thames Valley Local Enterprise Partnership (BTVLEP) Board has £2m of Local Growth Funding to invest in business and skills capital initiatives to strengthen and build upon some of the key sector strengths of the Buckinghamshire Economy, we are issuing a call for projects for Business and Skills Capital Grant Funding.
National Industrial Strategy
As part of the Cambridge : Milton Keynes : Oxford Growth Corridor, Buckinghamshire Thames Valley LEP have been selected as one of the trailblazing areas to deliver the National Industrial Strategy.
To help support the development of this strategy we are seeking proposals for business and skills CAPITAL projects for schemes that will support the development of innovation and research in Buckinghamshire aligned to the five foundations and four grand challenges of the National Industrial Strategy:
The Industrial Strategy sets out a long-term plan to boost the productivity and earning power of people throughout the UK. It sets out how the government intends to build a Britain fit for the future – how they will help businesses create better, higher-paying jobs in every part of the UK with investment in the skills, industries and infrastructure of the future.
The Industrial Strategy is built on five foundations that align to the vision for a transformed economy:
- Ideas: the world’s most innovative economy
- People: good jobs and greater earning power for all
- Infrastructure: a major upgrade to the UK’s infrastructure
- Business environment: the best place to start and grow a business
- Places: prosperous communities across the UK
It also sets out four grand challenges to put the UK at the forefront of the industries of the future:
- Artificial Intelligence and data
- Ageing society
- Clean growth
- Future of mobility
In light of the above, we are now issuing a call for projects to invest £2.0m of CAPITAL FUNDING into business and skills projects which can demonstrate they can ultimately have a positive short, medium and/or long term impact for the Buckinghamshire economy.
We are particularly interested in receiving partnership proposals from public, private, academic or community organisations that have well advanced schemes with a minimum of 50% match funding secured. All projects will need to demonstrate that they can be delivered and completed by March 2021.
We would also welcome proposals coming forward from our priority sectors: Creative Film & TV; Life-Sciences & Agri-Food; Space Propulsion and High Performance Technologies, although we will be open to other technology propositions if linked to the Industrial Strategy foundations and grand challenges.
As we have a limited amount of funding, we would particularly welcome applications that were looking for loan or equity finance or from projects that were capable of revolving our funds.
We recognise that we only have Capital Funding available, so will be expecting bidders to bring their own revenue funding to the table as part of the bid process.
If the bidder for this project has previously secured EU revenue funding, we would expect the accountable body for this capital funding to be able to demonstrate clear separation tests from the accountable body for any EU funding (so as to minimise any risk of cross subsidisation and potentially jeopardise the sustainability of the facility).
Applicants for this capital funding are advised to ensure their delivery model complies with current State Aid Legislation.
Evaluation of Proposals
Evaluation of Proposals will be undertaken by an independent consultant retained by BTVLEP. Evaluation will include an analysis of:
- Strategic Fit
- Economic Impact
- Type of Funding Required and Value For Money
Submission of Proposals
E U Funding Calls
The 2014 to 2020 European Structural and Investment Funds bring the European Regional Development Fund, European Social Fund and part of the European Agricultural Fund for Rural Development together into a single European Union Structural and Investment Funds Growth Programme for England supporting the key growth priorities of innovation, research and development, support for Small and Medium Sized Enterprises, low carbon, skills, employment, and social inclusion.
The Government has confirmed that it will guarantee EU funding for structural and investment fund projects signed before the UK’s departure from the EU, even when these projects continue after we have left the EU.
As a result, British businesses and other organisations will have additional certainty over future funding and should continue to apply for EU funding while the UK remains a member of the EU.
European Agricultural Fund for Rural Development calls:
Calls are being published on a single web page to make it as easy as possible to apply. The page includes handbooks for each type of call, which include information on what activity is eligible and how to apply, please visit www.gov.uk/government/publications/rdpe-growth-programme
Key documents can also be downloaded from the links below:
- RDPE Growth Programme – Business Development (Click here)
- RDPE Growth Programme – Food Processing (Click here)
- RDPE Growth Programme – Rural Tourism Infrastructure (Click here)