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The Neighbourhood Regeneration Fund (NRF) is a new £10 million capital fund.
Its aim is to help groups deliver capital projects in their communities which help develop neighbourhood tourism, improve environmental sustainability and support the city’s social economy.
Following an open call for applicants in early 2022, 21 projects have now been shortlisted to progress to stage two of the three stage application process.
NRF is our fresh approach to physical regeneration across the city. Its themes are directly linked to these strategies:
We will use an Outcomes Based Accountability approach, or OBA, to monitor the impact of the fund. It measures effectiveness and impact by answering three questions: How much did we do? How well did we do it? Is anyone any better off?
The projects that have been selected to progress to the second stage of the three-stage process are listed below.
It is anticipated that projects chosen to progress to the third and final stage of the application process will be confirmed in spring 2023. This final stage includes a range of activities including contractor procurement to establish detailed project costs. Once this information has been received and carefully considered, councillors will make a final decision on which projects will go ahead under the fund.
Construction is likely to begin on the successful projects from 2024 onwards.