East Devon will receive £1,796,363 in funding over three years from government, designed to replace European Union structural funds.
Following assessment of East Devon District Council’s Investment Plan for the UK Shared Prosperity Fund, the Secretary of State for Levelling Up, Housing and Communities (DLUHC) has conditionally approved almost £1.8m funding for East Devon over the next three years.
The primary goals of the Investment Plan are to support the transition to a net zero economy, build pride in towns and villages, support business development and improve opportunities for local people to grow their skills. Funding for year 1 (2022/23) is set at £218,005, funding for year 2 (2023/24) is set at £436,011 and funding for year 3 (2024/25) is expected to be £1,142,347. These funds are conditional on complying with the terms and conditions of the funding.
This is fantastic news for East Devon! We’re delighted that our plan has been approved. It means we can progress our aims to transition to a net zero economy, improve skills to create a vibrant workforce and support culture and leisure.
We had expected confirmation of the funds in October. This means we will need to work very quickly to allocate year 1 funding before 31st March 2023.
We will be calling for grant applications from East Devon businesses for a new round of the Innovation and Resilience Fund and a new Culture, Leisure and Tourism Fund. Full details of the criteria for grants will be made available as soon as possible. In the meantime, interested businesses should sign up for the business newsletter to receive the latest information.
The East Devon Investment Plan proposes funding for twelve interventions:
Action on Poverty Fund
Active Travel Fund (starts 2024)
Business Support Programme
Disability Employment Support Programme (starts 2024)
East Devon Council for Voluntary Service
East Devon Culture Programme
East Devon Leisure Programme
East Devon Towns Feasibility Work
NEET Employment Support Programme (starts 2024)
Net Zero Innovation Fund (delivered through the Innovation and Resilience Fund 2)
Retrofit Programme (starts 2024)
Sustainable Tourism Fund (partly delivered through the Culture, Leisure and Tourism Fund).
For more information, see Government kickstarts £2.6 billion investment in communities as UK takes back control of EU funding