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Economic Development

Devon bids for £12m of Government funding to rebuild business post-Covid

Devon County Council makes submission to £200m Community Renewal Fund which is designed to replace EU funding

County Hall, in Exeter, is home to Devon County Council(Image: Google)

A programme of bids totalling more than £12.2m has been submitted by Devon County Council to a new Government funding scheme which aims to support communities and businesses to recover after the coronavirus pandemic.

The council is bidding for a share of the £200m Community Renewal Fund, which has been made available as part of a year-long test in advance of the launch of the Government replacement for EU funding, the Shared Prosperity Fund.

Devon’s bid is made up of 16 projects from across the county, which have the potential to generate about 620 jobs, support the creation of 400 new businesses, and help 3,000 people to retrain.

Earlier this year organisations were invited by the council, which was chosen by the Government as the lead authority in Devon, to put forward innovative project ideas to help kickstart the economy.

The aim was to find initiatives which invest in skills and job opportunities, support the growth of businesses, and help communities become more resilient and sustainable.

More than £8.5m of the bid submission is for projects in Mid Devon, Torridge, and West Devon to help with the national levelling-up agenda, addressing economic and social inequalities in deprived communities hardest hit by the impact of the pandemic.

Among the schemes which make up the overall bid programme are:

Digital Devon: digital upskilling provided by Devon and Cornwall Training Provider Network.