The Community Infrastructure Levy Regulations require that 15% of CIL receipts should help facilitate neighbourhood priorities. In the City of London, regarded as a single neighbourhood, the City Corporation holds this fund and is required to seek the community’s views on how this Fund should be used.
The scope of the Neighbourhood Fund is deliberately wide and flexible, and includes the provision, improvement, replacement, or maintenance of infrastructure. This includes a broad range of facilities such as play areas, open spaces, parks and green spaces, cultural and sports facilities. It also includes anything else that is concerned with addressing the demands that development places on an area. Importantly, local neighbourhoods have the opportunity to choose where the money is spent according to their own needs.
From 1 September 2018 you can apply for funding easily.
How to apply:
If you have an applicable project in Broad Street Ward that fits the bill, then please apply via the City Corporation website here: https://www.cityoflondon.gov.uk/about-us/working-with-community/community-infrastructure-levy-neighbourhood-fund
If you wish the members to help, then please do send us the application too.
The minimum value for applications for funding is £1,000, and those under £50,000 will be processed by a panel of officers. Applications for over £50,000 will be considered by the City Corporation’s Resource Allocation Sub-Committee.
Applications should not normally exceed 15% of the total value of the available CIL Neighbourhood Fund at the time of application: updated information on can be found on the webpage. There are however exceptional circumstances, as outlined on the webpage.
Larger projects of over £50,000 and up to 15% of the total value of the Neighbourhood Fund should meet the priorities identified in the City Corporation’s Regulation 123 List and should demonstrate how the project will deliver value for money, including through the identification of any contributory or match funding, including contributions in time or expertise.