Transforming Newhaven Investment Fund
The Newhaven Enterprise Zone (NEZ) Transforming Newhaven Investment Fund offers flexible grant investment for local businesses and the public sector to invest in transformational growth projects. The fund aims to support an inclusive economy, creating economic success and improving the health, wealth and wellbeing of all Newhaven residents.
Criteria
The funding pot supports transformational projects and is open to public sector agencies working in Newhaven and businesses located in the Enterprise Zone area that meet these criteria:
- Support the Newhaven Enterprise Zone strategic objectives
- Lever in a minimum match funding of 50% (1:1 investment)
- Projects that are able to demonstrate impact and benefits
- Projects that demonstrate value for money
Available funding
A maximum grant of £100,000 is available to support transformational growth projects.
A small proportion of this investment fund is also available to fund feasibility and technical work to structure and develop transformational projects. The maximum amount of feasibility grant funding is £30,000 per application.
In exceptional circumstances and subject to approval of the Newhaven Enterprise Zone Board, the maximum level of grant investment support will be considered.
The investment fund is intended to fund transformational projects for which economic inclusive growth is the primary motivation. It cannot be used to support statutory services nor to supplement revenue budgets
How to apply
For more information and to apply, visit the Newhaven Enterprise Zone Website where you will find details of the two-stage application process:
- Stage One: complete and submit the online Gateway Expression of Interest to ensure the eligibility criteria has been met, and to set out why financial assistance from the NEZ is necessary to enable your project to proceed
- Stage Two: following assessment and approval, applicants will be invited to submit a full application