Community and Business Funds
HS2 have recognised that the construction of the railway will cause negative impacts on the local community and local economy, and have therefore formalised two funds to help with the disruption.
These funds are called the Community and Environment Fund and the Business and Local Economy Fund, which will be administered on behalf of HS2 Ltd by the charity Groundwork, who will ensure both funds remain available for applications throughout the construction of Phase One and the first year of operation. This will total approximately 11 years from 2017.
HS2 Ltd have made £40 million available for all projects through the entirety of the Phase One route. They have split the route into three regional areas, with specific funding allocated to each. This allocation is as follows:
£7.5 million for Greater London
£15 million for the Central area (Buckinghamshire, Warwickshire, Staffordshire, Northamptonshire, Oxfordshire and Hertfordshire)
£7.5 million for the West Midlands area (Birmingham, Solihull and Coventry)
£10 million will remain unallocated to allow flexibility to fund bids for cross-border route wide projects
An additional £30 million has been allocated across the entirety of the Phase One route for Road Safety
Groundwork announces independent panel meeting dates
The charity Groundwork will make assessment awards for all application on both funds under £75,001. However, all applications seeking funds in excess of that figure (capped at £1 million) will be assessed by an independent panel.
Groundwork has announced the first set of meetings of the independent panel in 2017:
6th June 2017
27th September 2017
14th December 2017
There are no formal deadlines for the submission of applications but the charity is encouraging applicants to be mindful that bids over £75,001 are subject to a 16-week turnaround time using these Panel dates as a guide for when to submit applications.