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 Regeneration Capital Grant Fund, delivered in partnership with COSLA and local government, supports locally-developed place-based 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).
The fund is currently closed for applications.
Details on a call for First Stage applications for projects that can start in 2021 to 2022 is expected to be announced in March 2020.
Result of round 7 call for applications
The Regeneration Capital Grand Fund Investment Panel met on 7 November 2019 and have recommended 25 projects be supported totalling £23,268,925. This is subject to the draft budget for 2020 to 2021 being agreed by the Scottish Parliament.
See the list of projects recommended by the investment panel for 2020 to 2021.
General information on the fund
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).
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.
- 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
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 2020.
The Regeneration Capital Grant Fund Investement Panel includes the following members:
- David Cowan, Scottish Government, Co-Chair, Head of Regeneration Unit
- Calum Lindsay, Co-Chair, Policy Manager ,Environment and Economy, COSLA
- Richard Cairns, Strategic Director Regeneration, Environment and Growth, West Dunbartonshire Council, Society of Local Authority Chief Executives
- Bryan McGrath, Scottish Local Authorities Economic Development group, Head of Economic Development and Environment, Scottish Borders Council
- Robert Emmott, Head of Finance, Comhairlie Nan Eilean Siar
- Heads of Planning Scotland (Beverly Smith, Moray Council)
- Lynne Ward Associate Director Scottish Futures Trust
- Douglas Cowan, Director, Strengthening Communities, Highlands and Island Enterprise
- Alan McQuade, Director of Business Infrastructure Scottish Enterprise
- Robert McDowall, Scottish Urban Regeneration Forum
If you have any questions on the fund, email them to email@example.com. Enter 'Request for further information' in the subject heading.
Scottish Partnership for Regeneration in Urban Centres (SPRUCE)
SPRUCE was originally launched in 2011 as a £50 million fund that offers loans and equity investments to revenue-generating infrastructure and energy-efficiency projects to support regeneration in eligible local authority areas in Scotland.
One of SPRUCE's major benefits is that funds once repaid will be recycled and can be used for future regeneration projects. Alongside additional contributions provided by the Scottish Government, SPRUCE is now able to support eligible projects right across Scotland with more than £87m invested in 13 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 £11.447 million in 2019 to 2020, reflecting the extent of vacant and derelict land in these areas and levels of deprivation:
- North Lanarkshire
- South Lanarkshire
- North Ayrshire