Eligibility

Applications will be considered from any organisation, whether operating in the public, private or voluntary sectors. However, to be eligible for consideration for funding the application will be considered against the following criteria:

• The potential to have a significant positive impact on the economy of Devon and Cornwall.
• The Fund will focus primarily on investing in new projects at an early stage (typically described as “seed corn” funding), in feasibility studies and in significant “step change” projects.
• The Fund will not support projects that compete with other publicly funded activity.
• The Fund is not a lender/investor of last resort and will concentrate on developmental and not “lifeboat” activity.
• The Fund will focus on making investments where it enables activity that could not otherwise have started.
• The Fund will not act as replacement for other available sources of investment.
• Leadership, project credibility, value for money and impact will all be important considerations in the assessment of any project.
• The Fund will look positively at proposals that use its contribution to leverage significant additional investment. There is no set intervention rate; this is at the discretion of the Investment Panel. Investments from the Fund will typically be between £50,000 and £250,000.

Need Help?
Call Business Link
on 0845 600 9966