The recent Spring Statement saw confirmation of the second round of the Levelling Up Fund with applications now invited. The first round saw £1.7bn of the total allocation of £4.8bn awarded to projects that will make a genuine difference to local areas.
The second round of the Fund will focus on the same three investment themes of local transport projects, town centre and high street regeneration, and maintaining and expanding the UK’s cultural and heritage assets. The second round of funding provides an opportunity for Local Authorities to address persistent socio-economic challenges and to make a difference to the everyday life of residents, workers and visitors.
To apply for investment from the second round of the Levelling Up Fund, eligible applications must submit their full bids, with all supporting documentation via the online application portal, by 12:00 noon on Wednesday 6 July.
Gerald Eve is a leading UK firm of real estate consultants. We have considerable experience in delivering business cases and funding applications to develop strategies and obtain funding approval. Key to this process is demonstrating value for money and deliverability.
Over the last 12 months our team has helped our public sector clients to secure c.£200m of government funding for Local Authorities through various programmes that will unlock major projects and sites of strategic importance at a regional and national level. We will use this expertise to maximise the opportunity to secure the funding for transformative projects to overcome challenges in your area.
Our national team of experts provide independent and intelligent real estate advice for business cases based on detailed market knowledge and public sector experience. We can offer various levels of support to you, from helping to coordinate teams through to preparing the application form and undertaking the financial modelling required.
We will work closely with our partner, Volterra, who specialise in the economics of infrastructure and property development.
Volterra has unrivalled knowledge of the dynamics and economics of local property markets, and they understand the importance of considering the ways that transport infrastructure and land availability can impact growth.
If you have any questions regarding the funding process and how we can help, please do get in touch with our experts.