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Policy actions 3 of 4

Capital investment for regeneration

Our regeneration strategy focuses on making the most of Scotland's communities' economic potential through targeted funding.

Regeneration Capital Grant Fund (RCGF)

The £25 million-a-year Regeneration Capital Grant Fund, delivered in partnership with COSLA and local government, supports locally developed regeneration projects that involve local communities, helping to support and create jobs and build sustainable communities.

Applications to the fund are made on an annual basis and where justified can potentially cover more than one financial year (subject to Spending Review restrictions).

Applications

Results of stage 1 applications

The panel met on 4 October 2017 and have invited 44 projects to submit full stage 2 applications.

Stage 2 Documentation

Projects successful at being invited to stage 2 are able to download the application form and guidance below. The deadline for submission for Stage 2 applications is 12:00 Noon Friday 8 December 2017.

Indicative timetable 2017/18

All dates are indicative and remain dependent on the timing and result of the spending review process

  • Stage 1 closed 18 August 2017

  • Investment Panel meeting 4 October 2017

  • Applicants notified of results Week beginning 9 October 2017

  • Stage 2 opens Week beginning 16 October 2017

  • Stage 2 closes 8 December 2017

General information on the fund

Eligible organisations

The fund is open to all 32 Scottish local authorities individually, or whether they exercise their functions through urban regeneration companies (URCs) or other special purpose vehicles (SPVs).

Eligible projects

Applications are not restricted in geography, size or type of project. It will be for applicant organisations to demonstrate that projects fit with the aims and objectives of the fund and can demonstrate clear regeneration outcomes in line with our strategy document Achieving a Sustainable Future and local area regeneration plans.

Project focus

  • Projects that primarily focus on areas that suffer from high levels of deprivation and disadvantage
  • Projects that demonstrate clear community involvement
  • Projects that will deliver large scale transformational change with strong regeneration outcomes
  • Projects and programmes that can encourage additional investment and address market failure

Application process

All applications will be subject to scrutiny by the Regeneration Capital Grant Fund Investment Panel which will make final recommendations on projects to be funded.

There will be a two-stage assessment process. Applicants must submit a summary of their project on the form provided at Stage 1. Successful projects at this stage will be invited by the panel to then complete a full Stage 2 application.

Further information

If you have any questions on the fund, email them in the first instance to rcgf@gov.scot. Please enter 'Request for further information' into the subject heading.

Scottish Partnership for Regeneration in Urban Centres (SPRUCE)

SPRUCE is a £50 million fund that offers loans and equity investments to revenue-generating infrastructure and energy-efficiency projects. It supports regeneration in 13 eligible local authority areas in Scotland.

One of SPRUCE's major benefits is that funds will be recycled and can be used for future regeneration projects. It has now entered the recycling phase, as the original fund has been invested in seven projects (see list of SPRUCE-supported projects).

As well as the infrastructure delivered, all contractors include Community Benefits in Public Procurement clauses in contracts and so provide jobs and training opportunities for local people.

The Vacant and Derelict Land Fund

The Vacant and Derelict Land Fund (VDLF) aims to tackle long-term vacant and derelict land in Scotland. Its objectives are:

  • to stimulate economic growth
  • create jobs
  • promote environmental justice and improved quality of life
  • to support communities to flourish and tackle inequalities

It is an element of the local government budget settlement, as agreed with Scottish Government.

It focuses on projects that promote innovation in both temporary and longer term greening techniques for vacant and derelict land sites.

The following local authorities will receive funding of £7.835 million in 2016 and 2017, reflecting the extent of vacant and derelict land in these areas and levels of deprivation:

  • Glasgow
  • North Lanarkshire
  • South Lanarkshire
  • North Ayrshire
  • Fife