£2.4 million in funding to be awarded to help turbo-charge the local economy out of the pandemic

A new package of grant funding is being made available from Monday 19 April to assist in turbo-charging innovative economic recovery projects across Bournemouth, Christchurch and Poole.

As part of the next stage of BCP Council’s Stream 3 Additional Restrictions Grant scheme, local businesses, business support organisations, community partners and Business Improvement Districts (BIDS) will have the opportunity to apply for varying levels of grants.

Funding will be provided exclusively for projects which demonstrate innovation, provide clear benefits for the local economy and generate pride in the place we live.

To ensure the £2.4 million is distributed evenly throughout the business community, this scheme will be divided into several parts. These include:

  • The Bounce Back Challenge Fund. Grants of up to £15,000 and £70,000 will be available for local businesses with standout projects in need of funding. These projects must meet the council’s main criteria. Applications close on 7 May 2021.
  • In addition, businesses in the Council’s R3 Economy Recovery Taskforce group will be able to apply for grants. This group is made up of leaders in local business, retail, hospitality, leisure and welfare sectors. Applications close on 5 May.
  • Bournemouth Town Centre BID, Bournemouth Coastal BID and Poole BID will be able to apply for grants. Representing nearly 2000 businesses, these organisations play a key role in attracting visitors and creating a strong local trading environment. Applications close on 5 May.
  • Up to 10 organisations, which provide business support, will also be able to apply for grants. BCP Council has approached a number of organisations directly, however those that think they may be eligible are asked to contact the council via argstream3@bcpcouncil.gov.uk to receive and fill out an application form. Applications close on 5 May.

Chris Shephard, Director of Development at BCP Council, said:

“With many businesses reopening and more people set to return our towns and high streets over the coming months, we want our dynamic business community to lead and play an active role in the economic recovery process.

“We are looking for innovative projects that generate benefits for the business community as whole, showcase the best our area has to offer and can be delivered to a set time and budget. This is a competitive scheme, so we encourage you to take the time to carefully develop your plans and proposals before applying.’’

On Monday more information and details for how to apply will be available here: bcpcouncil.gov.uk/financialsupport