The Local Partnerships Capital Investment Fund is administered by Crown Estate Scotland and will involve the organisation making capital investments in projects of between £150k and £750k involving partnerships which also aim to deliver business diversification or regeneration of communities.
It is one of three challenge investment funds to be launched in 2020-21 by Crown Estate Scotland, with a boat-based tourism fund closing on October 1 and an innovation with natural resources one launching later this year.
Together the funds will total approximately £9m of direct commercial investments.
Andy Wells, investment and sales programme director, said: “We’ve a strong commitment to help promote the green recovery across Scotland. By forming commercial partnerships with local organisations in this way, the voices and ambitions of communities can be firmly placed at the centre of the successful projects. We’re particularly keen to receive applications from projects that involve investment in the existing Scottish Crown Estate or the purchase of new assets where we can work in partnership to support new business opportunities that boost the local economy.”
Applicants will have until December 10 to make their initial applications.
The full criteria and background information of the fund can be found at https://www.crownestatescotland.com/our-projects/capital-investment-challenge-funds.