New Heritage Enterprise Programme Launched
The Heritage Lottery Fund has launched a £125m grants programme aimed at stimulating economic growth by using derelict historic buildings and sites for commercial purposes. Under the programme, known as Heritage Enterprise, grants of between £100,000 and £5 million will be available over the next five years to not-for-profit organisations to help them work in partnership with the private sector in the restoration of unused buildings.
Projects will be able to apply for a limited amount of funding for capital works, such as urgent repairs to prevent a building from further deteriorating, while they are being planned. The launch of the scheme coincided with the release of HLF research that found historic buildings are particularly successful in attracting creative industries and new business start-ups. The programme is designed to address market failure, where historic buildings have failed to attract enough investment because the cost of their repair has not been commercially viable for private developers.
Heritage Enterprise projects should achieve all of the outcomes listed below.
Outcomes for heritage:
- better managed
- in better condition
Outcomes for people:
- developed skills
- learn about heritage
Outcomes for communities:
- environmental impacts will be reduced
- your local area/community will be a better place to live, work or visit
- your local economy will be boosted
For further information on how to apply for funding, including the applications dates, please click here.
Posted on 3rd July 2013