The Scottish Government has announced that the Regeneration Capital Grant Fund for 2013/14 will be:

  • targeted at disadvantaged communities;
  • open to local authorities and other “regeneration special purpose vehicles” across Scotland;
  • £25m in value.

The fund was developed by the Scottish Government in partnership with CoSLA. A joint announcement confirming the investment details was made by Deputy First Minister Nicola Sturgeon and CoSLA President Cllr David O’Neill at a launch event in the former Fairfield Shipyard office building in Govan. With support from the European Regional Development Fund, the building is being refurbished to provide accommodation for small businesses and social enterprises as part of the Govan Workspace project.

Speaking at the event, Cllr O’Neill said: “Scotland’s identity is to a large extent local, and so are people’s expectations. This fund will enable local authorities to deliver local communities’ expectations of the places they want to live in and be proud of for years to come.”

The Regeneration Capital Grant Fund is one of three elements of the Scottish Government’s Capital Investment Fund, which was set out in the December 2011 National Regeneration Strategy. The other two components are the £50m SPRUCE Fund and the Vacant and Derelict Land Fund.

For further information, please click on the link below to view the Scottish Government news release: