The Mayor of London announced last week the first wave of projects which will benefit from the Good Growth Fund. In total, funding worth £24 million has been allocated to 27 projects across the city. These cover a range of cultural, employment and green infrastructure initiatives that “will enable local people to take an active role in the regeneration of their communities”.Regeneris is delighted to have supported a number of the successful applicants through project development and bid writing. These include:
Bedford House Community Centre: A Vital Community Development (Holborn Community Association): A £0.6m investment to create a sustainable and accessible community hub in the Holborn Community Association’s 60-year-old community centre. The project will enable a 50 per cent increase in service provision to the Holborn community and the provision of affordable workspace.
Lower Lea Threads (The East London Fashion Cluster partnership). A £1.9m investment to deliver spearhead innovation and inclusive growth of the fashion sector in East London, and to address structural and socio-economic challenges faced by local communities.
Regeneris has also been working with the GLA to develop new approaches and procedures to understand the economic and social impact of the Good Growth Fund. The guidance has been shared with all bidders, and will form the basis for evidence collection, monitoring and evaluation over the lifetime of the programme.
The Good Growth Fund is the latest in a series of investment rounds into London’s town centres, high streets and places of work by the GLA. Previous funding rounds (including the Outer London Fund, the Mayor’s Regeneration Fund and the High Street Fund) have seen investment in a broad range of projects and interventions across London’s 32 Boroughs. Further information on these can be found here.