Fund title: Heart of the South West LEP: new EU funding

Focus of fund/fund aims:

Three new calls for proposals – enterprise coaching, accessing new markets and promoting inward investment – and an information event on 30 March 2017 for anyone thinking of applying.

Application deadline:

see individual deadlines for each call

Fund description:

The Heart of the South West (covering Devon, Plymouth, Torbay and Somerset) has an allocation of just over £107m from Europe for 2014-2020 for investment in projects and initiatives which support the economic growth of the area.

New calls for proposals have been published for outline applications for European Regional Development Fund (ERDF) support for the following areas of activity:

Enterprise Coaching  – £2 million ERDF for the transition area of Devon, Plymouth and Torbay only for activity to promote and support enterprise creation in recognised areas of deprivation and among under-represented groups. Proposals should provide a tailored support programme covering the full business start-up journey. (Deadline 13 May 2017)

Accessing New Market Opportunities – £1.45 million ERDF (£1,000,000 for the transition area of Devon, Plymouth and Torbay and £450,000 for the more developed area of Somerset) for provision of support to enable SMEs to access opportunities around key growth sectors in the Heart of the South West in order to improve productivity.  (Deadline 13 May 2017)

Inward Investment – £1.35 million ERDF (£900,000 for the transition area of Devon, Plymouth and Torbay and £450,000 for the more developed area of Somerset) for activity to promote the Heart of the South West as a prime location for Foreign Direct Investment (FDI) and to attract more FDI businesses to the area. (Deadline 13 May 2017)

There is a briefing event on 30 March at Westpoint, Exeter for anyone thinking of applying under these 3 calls: Find out more and register

In addition, the following ‘rolling calls’ are still open:

  • Low carbon: to support the shift to a low carbon economy (a rolling call, with applications reviewed at set points until 1 June 2018)
  • SME support: to enhance the competitiveness of SMEs, including entrepreneurship, innovation and new markets (a rolling call, with applications reviewed at set points until 31 January 2018)

Further information is available from the Heart of the South West LEP and the formal calls are published on the .GOV.UK website where you can find the application forms and guidance manuals.

There is a two-stage application process: projects which are successful at the outline stage will be invited to make a full submission for funding.

Note on the Heart of the South West LEP area:
The Heart of the South West LEP area covers Devon, Plymouth, Torbay & Somerset but within this, there are two categories of funding

  • ‘Transition’ area – Devon, Plymouth & Torbay
  • ‘More Developed’ area – Somerset

These two areas each have a notional funding allocation which is reflected in the details of the call(s) listed above. Activities in the Transition area will generally be eligible for an EU contribution of up to 60% of total costs; activities in the More Developed area can receive up to 50% of costs.

For more information on the ESIF Strategy for our area, refer to the Heart of the South West LEP website at: http://heartofswlep.co.uk/doing-business-in-our-area/european-structural-and-investment-funds-esif/

 

Further information:

https://www.gov.uk/european-structural-investment-funds