West Lindsey District Council has been shortlisted as one of 12 places nationally to bid for a share of £33 million.
The authority has been invited to apply for a new place-based initiative for Gainsborough, which could run for the next 10 years.
West Lindsey was nominated by one of its partners The Key Fund, for The Local Access Programme, which was set up by The Foundation for Social Investment and Big Society Capital, to develop a blended capital initiative for place making.
The Programme is aimed at bringing together grant and repayable finance, in order to provide local place based partnerships, with both enterprise support and flexible finance for charities and social enterprises.
Eve Fawcett-Moralee, Executive Director for Commercial and Economic Growth at the Council, welcomed the invitation. She said: “We are particularly excited about having this opportunity to bid for funding which supports our place-based vision for Gainsborough, where we believe social enterprise and investment play a crucial role in creating thriving places and communities.
“The council was recommended for the fund and put forward by one of our partners, as they say we are an example of a town that is demonstrating the characteristics required by this programme.”
“As part of this bid we will be working closely with community businesses, the voluntary sector and local charities, who will form the heart of this partnership. We will use the expertise in place shaping and co-production that have been developed by the Community Foundation in Lincolnshire.”
The programme is looking to identify five areas to work on the programme and there will be a further shortlisting of submissions before final funding announcements are made.