The Scottish Government, along with CoSLA, has announced £25m to help regenerate disadvantaged communities across Scotland. A new round of applications is being invited to the Regeneration Capital Grant Fund (RCGF). This will provide financial support to projects that will help to deliver large scale positive improvements to deprived areas. It will focus on projects that engage and involve local communities and those that can demonstrate the ability to deliver sustainable regeneration outcomes.
Commenting, Stuart McMillan MSP (SNP – West of Scotland):
“I would urge Inverclyde Council to apply for additional funding from the Regeneration Capital Grant Fund. There are many areas within Inverclyde which could benefit from this capital investment.
“The Scottish Government and CoSLA should be commended for continuing with this fund. In fact the Scottish Government have contributed hugely to the regeneration activities in Inverclyde over the past 8 years. It is absolutely clear about the contribution that regeneration makes to growing our economy and improving the life chances of Scotland’s people.”
The Regeneration Capital Grant Fund (RCGF) is planned as a £25m joint Scottish Government (SG) / COSLA fund, which contributes to the delivery of outcomes set out in the Regeneration Strategy.
RCGF was developed in partnership with COSLA and local authorities. The initial agreement covered calls for projects over 2014/15 and 2015/2016 which has now been completed.
The RCGF is open to all 32 local authorities.
It will primarily support areas which suffer from high levels of deprivation and disadvantage in both urban and rural areas.