Royal Docks Good Growth Fund
The Royal Docks Good Growth Fund is a new £13 million programme that will support a broad range of projects that can help to transform the Royal Docks. The fund builds on the success of the Mayor of London’s Good Growth Fund which was launched in 2017.
Our fund will be used to support projects that are inclusive, innovative and which tackle some of the challenges facing the Royal Docks. It will also seek to support local economic activity, create new jobs and workplaces, and ensure these opportunities are accessible to the whole community.
What are we looking for?
Our fund shares the three pillars of the Mayor of London’s Good Growth Fund. These are:
• Empowering People: Projects that result in tangible improvements to quality of life, that foster social integration, ensure they are accessible and that cater for Newham’s diverse and changing population.
• Making Better Places: Projects that make the area more inclusive, and support projects that are part of a coordinated strategy to improve a place, projects that help to accommodate growth in a way that works with Royal Dock’s character.
• Growing Prosperity: Projects that create opportunities and ensure that the Royal Docks economy continues to grow, but not at the expense of furthering inequality and access to opportunity for local entrepreneurs.
In addition to these pillars, successful projects will respond to Newham’s Community Wealth Building Strategy, and reflect the principles of innovation and transformation. More information on this can be found in the Royal Docks Good Growth Fund Prospectus.
Who can apply?
We are welcoming applications from wide range of public, private and third-sector organisations including: Community groups, social enterprises, small and medium-sized enterprises (existing and new to the Royal Docks' area), larger organisations based within the Royal Docks, businesses aspiring to move to the Royal Docks and charities within London that wish to drive and lead innovative regeneration. Applicants must either be based within the Royal Docks, or their activity must demonstrably benefit the Royal Docks area.
We have ring-fenced £4 million to support projects that are led by local community organisations.
We will also be hosting an information session for community organisations interested in applying to the Good Growth Fund on Friday 7 August between 9-10:30 AM. If you would like to attend this session or have questions about eligibility, please contact us at email@example.com
How much funding is available per project?
We will provide capital grants up to £3 million to deliver place shaping and development projects. Applicants are required to provide at least 50% match funding. Like the existing London-wide programme, funding will be delivered through the Local Economic Action Partnership (LEAP).
Please read the Royal Docks Good Growth Fund prospectus carefully to ensure that you fully understand the criteria and process. If you are ready to express your interest in the programme, tell us a bit more about your project by filling out an expression of interest form.
The fund is a rolling fund so there isn’t a deadline for applications.
We will soon be announcing a series of information events where you can find out more about the fund and speak directly to our team.