Gateshead receives largest allocation of Community Renewal Fund in the North East
Over £2.1m of the Government's Community Renewal Fund has been awarded to four successful bids from Gateshead.
The Community Renewal Fund was introduced in the Chancellor of the Exchequer's Budget statement as one of the measures to support recovery following Covid-19. The £220m fund supports one year pilot projects to demonstrate ideas which could then go forward to potentially benefit from the £1.5bn Shared Prosperity Fund.
Our successful bids include Gateshead Riverside Partnership, Future You, Immex City pilot programme (formerly NCIT) and Future Markets Acceleration Programme.
The four bids had to demonstrate how they aligned with the themes of the fund and contribute to local priorities, such as making Gateshead a place where everyone thrives.
Gateshead Riverside Partnership's project will re imagine Riverside Park and the area around Dunston Staithes, a Scheduled Monument, to attract potential investment, enhance the visitor economy, and improve accessibility to culture, heritage and the natural environment in an urban location. The Partnership, in which we work with the National Trust and the Tyne and Wear Building Preservation Trust, has been allocated £550,000 to complete its plan.
With an allocation of over £730,000, Future You seeks to encourage those furthest from the labour market to find work. By working with underused community networks, we along with voluntary sector organisations will pilot a new co-created approach to employability services in Gateshead.
Immex City (NCIT) is a pilot programme to create organic growth and scale-up Gateshead's immersive technologies sector. It aims to encourage the adoption of immersive technology across industry, support local people to find work in the sector, and establish new 'immersive driven' cultural experiences for local people. The project received an allocation of over £730,000 with Digital Catapult, the UK's leading advanced digital technology innovation centre, to act as the main delivery partner.
The final successful bid was for the Future Markets Accelerator Programme, a package of innovation support for businesses to help unlock a greater share of emerging markets. The project will pilot 'Innovation Delivery Partnerships' as a new way of embedding innovation and product development within SMEs.
Over £128,000 will be used to help grow businesses and create jobs and demonstrate new approaches to expanding innovation activity in Gateshead and nationally. This project will be delivered by the North East Local Enterprise Partnership (NELEP) in collaboration with private and public sector organisations.
Capacity funding of £20,000 has been allocated to us for coordinating and appraising bids.
Councillor Malcolm Brain, Cabinet Member for the Economy, said: "We are delighted that these bids for the Community Renewal Fund have been successful. There are some fantastic projects and hugely imaginative people here, really working hard to take their projects forward, and help the local economy recover from the effects of the Covid 19 pandemic."
We will issue the grant agreements to help the successful bidders to deliver their projects before the deadline in June 2022. Further updates will follow.
Find out more information about the bids. (opens new window)
Over £2.1m of the Government's Community Renewal Fund has been awarded to four successful bids from Gateshead.
The Community Renewal Fund was introduced in the Chancellor of the Exchequer's Budget statement as one of the measures to support recovery following Covid-19. The £220m fund supports one year pilot projects to demonstrate ideas which could then go forward to potentially benefit from the £1.5bn Shared Prosperity Fund.
Our successful bids include Gateshead Riverside Partnership, Future You, Immex City pilot programme (formerly NCIT) and Future Markets Acceleration Programme.
The four bids had to demonstrate how they aligned with the themes of the fund and contribute to local priorities, such as making Gateshead a place where everyone thrives.
Gateshead Riverside Partnership's project will re imagine Riverside Park and the area around Dunston Staithes, a Scheduled Monument, to attract potential investment, enhance the visitor economy, and improve accessibility to culture, heritage and the natural environment in an urban location. The Partnership, in which we work with the National Trust and the Tyne and Wear Building Preservation Trust, has been allocated £550,000 to complete its plan.
With an allocation of over £730,000, Future You seeks to encourage those furthest from the labour market to find work. By working with underused community networks, we along with voluntary sector organisations will pilot a new co-created approach to employability services in Gateshead.
Immex City (NCIT) is a pilot programme to create organic growth and scale-up Gateshead's immersive technologies sector. It aims to encourage the adoption of immersive technology across industry, support local people to find work in the sector, and establish new 'immersive driven' cultural experiences for local people. The project received an allocation of over £730,000 with Digital Catapult, the UK's leading advanced digital technology innovation centre, to act as the main delivery partner.
The final successful bid was for the Future Markets Accelerator Programme, a package of innovation support for businesses to help unlock a greater share of emerging markets. The project will pilot 'Innovation Delivery Partnerships' as a new way of embedding innovation and product development within SMEs.
Over £128,000 will be used to help grow businesses and create jobs and demonstrate new approaches to expanding innovation activity in Gateshead and nationally. This project will be delivered by the North East Local Enterprise Partnership (NELEP) in collaboration with private and public sector organisations.
Capacity funding of £20,000 has been allocated to us for coordinating and appraising bids.
Councillor Malcolm Brain, Cabinet Member for the Economy, said: "We are delighted that these bids for the Community Renewal Fund have been successful. There are some fantastic projects and hugely imaginative people here, really working hard to take their projects forward, and help the local economy recover from the effects of the Covid 19 pandemic."
We will issue the grant agreements to help the successful bidders to deliver their projects before the deadline in June 2022. Further updates will follow.
Find out more information about the bids. (opens new window)
