Up to £5.8million is to be invested in projects to promote 'green' growth, tackle climate change's effects and protect the environment in the D2N2 Local Enterprise Partnership area.
Funding is available for two types of project:
- £3million - For a project or projects to help the D2N2 area adapt to, and reduce the risks and manage the effects of, climate change.
Projects would need to enhance businesses and the economy's resilience to the effects of climate change along the Lower Derwent in Derby and its surroundings; through flood mitigation measures, including upstream attenuation (ways of physically holding water back for longer, so it can be released more gradually). More information can be found here.
- £2.8million - For a project or projects to preserve and protect the environment, and promote more efficient use of resources (water, energy, land) across Derby, Derbyshire, Nottingham and Nottinghamshire.
The two key activities under this 'call' will be to encourage businesses to use resources more efficiently and improve the means by which land is protected environmentally. This would include measures to protect and restore biodiversity, soil quality and ecosystems, and to promote innovative technologies to improve environmental protection and efficient use of resources. More information can be found here.
Organisations bidding for funding will need to provide at least half the costs of their projects, meaning a £2million project would receive one million pounds from the successful bidder and a million from the D2N2 funding 'pot'. Organisations' matched funding must be from a source other than the European Union.
The minimum single bid which can be made to the D2N2 fund is £500,000 meaning projects costing less than a million pounds in total would not be considered. The project funding is designed to last for up to three years.
A free information session for potential bidders - which will cover ESIF's strategic priorities in the D2N2 LEP area and an overview of the kinds of projects it is looking for - will be held on Wednesday 11th May, 10am - 2:30pm at the Enterprise Centre, University of Derby, Bridge Street, Derby, DE1 3LD. To book for this event, please follow this link.
Please note, there will be a maximum of 25 spaces available and places are allocated on a first-come-first-served basis.