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Strategic Business, Enterprise and Research & Development Infrastructure (£18.7m)

Strategic Business, Enterprise and Research & Development Infrastructure

The investment will unlock or accelerate the development or delivery of infrastructure for businesses, enterprises or organisations, to enable them to grow and fulfil their potential.

Total amount available: £18.7m

Project delivery timeframe: April 2022 – March 2025

Minimum grant award (capital): £500,000

Maximum grant award (capital): £5,000,000

Minimum grant award (revenue): £20,000

Maximum grant award (revenue): £100,000

 

Application deadlines:

Review point 1: 2nd September 2022 (closed)

Review point 2: 2nd December 2022

Review point 3: 3rd March 2023

Review point 4 (final): 4th August 2023

The deadline for all applications is 5pm on the dates stated above.

Funding will be targeted for:

• Development costs (i.e. revenue costs, such as, feasibility studies, design, planning, specialist advice)

• Delivery phase (i.e. capital costs, such as, construction, enabling works or infrastructure).

 

Investment will be prioritised for projects that demonstrate a need for grant (i.e. viability gap) and where a project would otherwise not have been delivered. Projects that are ready to be delivered but stalled, with ownership secured and statutory permissions in place, will be at an advantage.

Projects that can contribute to supporting the green industrial revolution and Cornwall unique sectors opportunities will be prioritised. This will include Clean Energy Resources, Geo Resources, Data and Space, Visitor Economy and Agri-food. Support to organisations involved in research and development (R&D) will be preferred.

Improvements to digital connectivity is a key objective for the programme and projects that can help to achieve this ambition are encouraged.

Evidence of market failure and requirement for public support will be required. Projects are likely to fall within the following planning classifications; office: B1a and b; industrial: B1c, B2 and B8, and projects that are located in towns or in strategic employment sites would be preferred.

Projects must demonstrate how it addresses the issues presented in the CIOS Good Growth Investment Plan in particular how the project will enhance business productivity and competitiveness.

For full details on the Strategic Business, Enterprise and Research & Development Infrastructure Fund, Download the full initiation form

Next steps

Please fill out the details of your project via the initial enquiry form below. The Good Growth team will respond to you within five working days with the next steps.

The Good Growth team will then send you the relevant application form, where applicable, which will need to be returned to the Good Growth team via email in advance of the application deadline.

More information on what will be required in your application is available on the Application Support page.

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