Capital investment for regeneration

Our regeneration strategy focuses on making the most of Scotland's communities' economic potential through targeted funding.

Regeneration Capital Grant Fund (RCGF)

The fund is currently closed to new applications.

The Regeneration Capital Grant Fund, delivered in partnership with COSLA and local government, supports locally developed regeneration projects that involve local communities, helping to support and create jobs and build sustainable communities.

Applications to the fund are made on an annual basis and, where justified, can potentially cover more than one financial year (subject to Spending Review restrictions).

Call for applications 2019 to 2020

Results of stage one

The panel met on 24 August 2018 and have invited 53 projects to submit full stage 2 applications. View the list of projects successful at stage 1.

Stage two applications

Projects successful at being invited to stage two can download the stage two application form and guidance.

The deadline for submission of stage two applications is midday on Monday 19 November 2018.

Indicative timetable

All dates are indicative and remain dependent on the timing and result of spending review process

  • Stage 1 closed - 29 June 2018
  • Investment Panel meeting - 24 August 2018
  • Applicants notified of results - week beginning 17 September 2018
  • Stage 2 opens - week beginning 1 October 2018
  • Stage 2 closes - 19 November 2018
  • Investment Panel - January 2019
  • Notification to all applicants of funding recommendations - February 2019

General information on the fund

Eligible organisations

The fund is open to all 32 Scottish local authorities individually, or whether they exercise their functions through urban regeneration companies (URCs) or other special purpose vehicles (SPVs).

Eligible projects

Applications are not restricted in geography, size or type of project. It will be for applicant organisations to demonstrate that projects fit with the aims and objectives of the fund and can demonstrate clear regeneration outcomes in line with our strategy document Achieving a Sustainable Future and local area regeneration plans.

Project focus

  • projects that primarily focus on areas that suffer from high levels of deprivation and disadvantage
  • projects that demonstrate clear community involvement
  • projects that will deliver large scale transformational change with strong regeneration outcomes
  • projects and programmes that can encourage additional investment and address market failure

Application process

All applications will be subject to scrutiny by the Regeneration Capital Grant Fund Investment Panel which will make final recommendations on projects to be funded.

There will be a two-stage assessment. Applicants must submit a summary of their project on the form provided at Stage 1. Successful projects at this stage will be invited by the panel to then complete a full Stage 2 application.

Projects supported from previous calls

The projects funded to date are supporting or creating jobs, refurbishing and bringing back into use a number of historic and landmark buildings, creating business space, and supporting numerous community facilities across Scotland. View the full list of RCGF projects supported from 2014 to 2018.

Investment Panel

The Regeneration Capital Grant Fund Investement Panel includes the following members:

  • Scottish Government David Cowan, (Co-Chair, Head of Regeneration Unit)
  • COSLA (Gillian Fyfe, Co-Chair, Policy Manager, Environment and Economy Sustainability Team)
  • Society of Local Authority Chief Executives (Richard Cairns, Strategic Director Regeneration, Environment & Growth West Dunbartonshire Council)
  • Scottish Local Authorities Economic Development group (Bryan McGrath, Head of Economic Development & Environment - Scottish Borders Council)
  • Finance (Robert Emmott - Head of Finance Comhairle Nan Eilean Siar)
  • Heads of Planning Scotland (Steve Rogers, Dumfries and Galloway Council)
  • Scottish Futures Trust (Lynne Ward)
  • Highlands and Island Enterprise (Douglas Cowan – Director, Strengthening Communities)
  • Scottish Enterprise (Alan McQuade, Director of Business Infrastructure)
  • Community (Scottish Urban Regeneration Forum)

Further information

If you have any questions on the fund, email them in the first instance to Enter 'Request for further information' in the subject heading.

Scottish Partnership for Regeneration in Urban Centres (SPRUCE)

SPRUCE is a £50 million fund that offers loans and equity investments to revenue-generating infrastructure and energy-efficiency projects. It supports regeneration in 13 eligible local authority areas in Scotland.

One of SPRUCE's major benefits is that funds will be recycled and can be used for future regeneration projects. It has now entered the recycling phase, as the original fund has been invested in eleven projects (see list of SPRUCE-supported projects).

As well as the infrastructure delivered, all contractors include Community Benefits in Public Procurement clauses in contracts and so provide jobs and training opportunities for local people.

Interim evaluation of SPRUCE

An interim evaluation of the SPRUCE fund was carried out in 2017. The SPRUCE interim evaluation: final report presents a set of findings and recommendations based on the economic, social and environmental impact of SPRUCE within the context of the policies and strategy that were initially established, and also on the value for money offered by SPRUCE in contrast to traditional grant funding and other approaches to addressing market failure.

The Vacant and Derelict Land Fund

The Vacant and Derelict Land Fund (VDLF) aims to tackle long-term vacant and derelict land in Scotland. Its objectives are:

  • to stimulate economic growth
  • create jobs
  • promote environmental justice and improved quality of life
  • to support communities to flourish and tackle inequalities

It is an element of the local government budget settlement, as agreed with Scottish Government.

It focuses on projects that promote innovation in both temporary and longer term greening techniques for vacant and derelict land sites.

The following local authorities will receive funding of £9.444 million in 2018 to 2019, reflecting the extent of vacant and derelict land in these areas and levels of deprivation:

  • Glasgow
  • North Lanarkshire
  • South Lanarkshire
  • North Ayrshire
  • Fife