The city’s economy is under huge strain, particularly those sectors hardest hit by Covid-19 trading restrictions. While there may be pent-up demand, many customers will be anxious about returning to retail and hospitality as the economy reopens.
As part of the Council’s response to Covid-19, £2 million has been set aside to create an Economic Recovery Fund. This will support the city centre, district centres and local centres to reopen and get back on their feet. This is a core aim of the Council’s Business Recovery Plan.
How we will use the fund
We want to work collaboratively with businesses and partners across the city on new, creative projects. The projects should meet at least one of the following objectives:
- to support local economic recovery
- to help businesses open safely and remain viable
- to protect jobs and businesses, particularly in hardest hit sectors
- to promote consumer confidence and encourage people to spend in local, independent businesses
Who can apply
Projects can be developed and led by private sector collaborations, through partner organisations or from within the Council. The best projects will demonstrate collaboration, co-investment and consensus across these parties and be focused on what businesses need.
Apply for the fund
The fund is split into two pots – one for smaller projects and one for larger projects. The application process is different for each:
- small projects of up to £50,000 will be considered on a rolling basis. You can apply immediately by submitting the Small Project Application Form
- large projects of up to £200,000 must submit an Expression of Interest form by 30 April 2021
- Expressions of Interest will receive feedback and at that point you may be invited to submit a full application form. These will be considered by 28 May 2021
Click here for more information