How to apply for the Ipswich regeneration fund

How to apply for the Ipswich regeneration fund

All projects funded by the Ipswich Regeneration Fund must:

  • Deliver an economic and/or wider social benefit to Ipswich town centre
  • Deliver value for money – the investment required from Regeneration fund is balanced against the benefits it will deliver and the private sector funding leveraged
  • Have the potential to meet wider central government requirements (subsidy control, land value uplift etc.)
  • Be able to complete a full detailed business case swiftly – by Summer 24
  • Bring a property back into use and use all Regeneration Fund monies by February 2026 (this deadline may only be extended in extraordinary circumstances)

Ideally projects will also:

  • Create active and attractive ground floor uses as well as upper floor development or redevelopment
  • Create a visitor attraction or experience or will otherwise drive footfall to the town centre
  • Deliver a return on investment to the Regeneration Fund i.e. profit share, overage agreements or similar which enable the Regeneration Fund pot to be reinvested in other projects.

Applicants must:

  • Be able to demonstrate they are sufficiently financially robust to deliver the whole project – financial and legal due diligence will be completed after the expressions of interest assessment process.
  • Agree to open book accounting for the project with detailed financial information shared with the Council.
  • Be able to satisfy the subsidy control tests if grant is awarded, find out more about subsidy control below.

Select the description below that best describes your interest in the Ipswich Regeneration Fund.