Published: Tuesday, 24th August 2021
The first payments, totalling £271,934.47, from the Borough Council of King's Lynn & West Norfolk's Community Infrastructure Levy (CIL) Funding scheme are set to be made to local projects.
The CIL fund opened for bids on 25 January this year and closed on 30 April. The fund is split into local projects of £2k - £10k, community projects of £10k - £50k and strategic projects over £50k.
The funding for the scheme is collected from developments across the borough. £1,895,595 has been collected since the scheme was launched. In addition a sum of £2m has been granted to self-build exemptions and £428,660 direct to local parishes. Following Thursday's meeting of the CIL board £271,934 has been allocated to local projects.
A further £225,719 has been earmarked for community projects and £250,000 to strategic projects, but these grants need further approval from the council's management team and Cabinet in accordance with the terms of the scheme.
Cllr Richard Blunt, Borough Council of King's Lynn & West Norfolk Cabinet Member for Regeneration and Development, said: "It's vital that we do everything we can to help our communities and the people within them. This scheme shows that you can really harness the benefits of local development by levering in additional funding for community based projects. We are delighted to be announcing this funding, which is great news for local communities, and will be writing to all the successful applicants shortly with their funding agreement."
Details of all the schemes funded are available on our Consultation Portal.
To find out more about CIL funding, visit our CIL project funding page.