Growing Places Fund – Project Proposal

Before completing this form please read the Growing Places Fund Criteria

Please mark clearly those areas that are to be treated as CONFIDENTIAL

If you have any queries on the questions or are unsure how to answer please do not hesitate to contact Paul Castle, email,

Project Proposer
Name
Address
Email address
Telephone no.
Name and address of project (please provide a site and location plan if possible)
Land ownership status and name/address of current land owners.
PROJECT DETAILS
Growing Places Fund (GPF) is intended to unlock stalled capital projects.
Please give a brief description of your project and explain the development that GPF will unlock.
If the project is part of a wider development, please give details and clarify how the phases are related.
What specific infrastructure works will GPF contribute towards?
If applicable, how much commercial and/or industrial space will be created (m2)?
If applicable, which Planning classes are involved and is Change of Use Permission required?
GPF INVESTMENT REQUIREMENT AND OTHER FUNDING
Growing Places Funding will need to demonstrate added value.
What is the total, capital project cost?
How much GPF investment is required and how has this been calculated? If possible, please provide a development appraisal.
Please demonstrate that all other funding sources have been considered and that the project cannot proceed without GPF.
STRATEGIC FIT
Projects will be supported only if they contribute to Coast to Capital’s strategic priorities
How does your project perform against the published Criteria?
How many jobs do you anticipate will be supported (both directly and indirectly) by the completed outcomes of your project?
Beyond job creation, what other outputs will the GPF investment unlock, and what will be the benefits to the local economy?
DELIVERY
Growing Places Fund will support only projects that have a clear delivery plan.
What organisation is leading the delivery of the project?
What other partners are involved and what are their roles?
For a general indication of progress, are you at; feasibility, detailed design, ready to start, or the delivery stage of your project?
Please outline any outstanding delivery constraints and risks (e.g. planning, funding, land ownership etc.) with any key milestones and your expected overall completion date.
Does the project have the support of stakeholders, including Area Partnerships, Local Authorities, other public bodies and the local community? If possible, please provide evidence.
OUTPUTS AND OUTCOMES – FINANCIAL & ECONOMIC
GPF is being established as a revolving fund to recycle returns into future projects.
The GPF loan must be State Aid compliant. Which form do you propose the investment will take, and what mechanism do you plan for repayment? If possible, please attach a cashflow schedule detailing draw down and repayment.
What is the anticipated level of return on the GPF investment? (actual or percentage)
What is the source and total value of other public and private sector investments that will be leveraged by the GPF investment?
How do you intend to mitigate the risk of time/cost overruns and/or receipt shortfalls?
Please provide evidence of your studies into the demand for your projected outcomes and detail any interest shown by potential occupiers, end-users, or buyers. If possible, please also include your completed marketing strategy.
If you have explored a number of different project delivery options that may be of interest to Coast to Capital, please provide information.
ATTACHMENTS
Please list any documents included with your proposal.
DECLARATION
Signature
Name
Organisation
Date

You are encouraged to discuss your project with the relevant local authority and/or Area Partnership – for contact details please visit

Please return completed form, electronically, to Paul Castle, Email,

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