Round 2 of the Levelling Up Fund is now open!
As part of his Spring Statement, the Chancellor announced the launch of Round 2 of government's £4.8bn Levelling Up Fund.
The fund is focused on local projects that require up to £20m of government investment – but there is some scope for investing in higher value projects. The focus areas are the same as round one, namely: Transport; Regeneration and town centre investment; and Cultural investment.
The clock is ticking and bids must be fully developed and submitted by 6th July. It’s important to note that this isn’t something you can leave to the last minute - not if you want to be successful!
The bid is essentially a version of the Government’s business case template, the Treasury’s 'five case model', which requires consultation with stakeholders, strategic thought, economic analysis and implementation planning. This all takes time (don’t forget Easter and local elections) – so the sooner you get started, the better. The full Round 2 prospectus can be found here.
The Mutual Ventures team had an 80% success rate for bids we supported in Round 1 (against the national average of around 33% success). We learned lots of lessons about what makes for a successful bid that we can share with you.
To talk about a potential application, please get in touch with Andrew Laird email@example.com