LEP Further Education Capital Investment Fund (1)

Meeting: 
MQT on 2014-10-22
Session date: 
October 22, 2014
Reference: 
2014/3997
Question By: 
Fiona Twycross
Organisation: 
Labour Group
Asked Of: 
The Mayor
Category: 

Question

Please list the detailed criteria that applicants to this fund will have to demonstrate in order to make a successful bid?

Answer

Answer for LEP Further Education Capital Investment Fund (1)

Answer for LEP Further Education Capital Investment Fund (1)

Answered By: 
The Mayor

The FE Capital Investment Fund application process and assessment is two staged requiring Expressions of Interest followed by detailed applications. Applications will be scored against the following criteria:

 

-         Strategic fit with the LEP’s Priorities including Jobs and Growth Plan and FE Capital priorities as well as demonstration of how the proposal addresses skills shortages and growth industries

-         Delivery of tangible and measurable benefits

-         Creation of space which is good quality, fit for purpose, transformational and tolerant to change

-         Sustainability and carbon reduction

-         Relevance of the proposal to the applicant’s property strategy, alignment to local plans and contribution to regeneration

-         Assessment of value for money including an assessment of costs and net present value

Deliverability, match funding commitment and affordability.