Local details have become known about the UK Government's new local development funds.
These are funds coming direct from Whitehall to local authorities in Scotland and elsewhere.
They are the Community Renewal Fund; the Levelling Up Fund and the Community Ownership Fund.
They are part of the post-Brexit remodelling of the UK economy.
Bids will only be accepted from local authorities, although there is an understanding that local authorities will consult with key local partners and communities.
And the bids have be ready in a matter of weeks.
The Community Renewal Fund (CRF) is a one year pilot for the UK Shared Prosperity Fund and will provide £220 million (90% revenue) funding to help places across the UK prepare for the introduction of the UK Shared Prosperity Fund, to be launched in 2022.
The four investment priorities are: skills; local business; communities and place; and supporting people into employment.
Bids require to be submitted by Local Authorities to the Ministry of Housing, Communities and Local Government by 18 June 2021. Approvals will be announced from late July 2021 onwards and projects must spend the funds by 31 March 2022.
The Levelling Up Fund (LUF) will invest up to £4.8 billion from 2021/22 to 2024/25 across the UK, with about £400 million invested in Scotland.
The LUF has three Investment Themes for the first round of funding in 2021/22: Transport Investments; Regeneration and Town Centre Investment; and Cultural Investment.
Bids are encouraged to include a local financial contribution of at least 10% and a contribution will be expected from private sector stakeholders if they stand to benefit from a specific project.
The first round of funding will prioritise projects which are able to demonstrate investment or begin delivery on the ground in 2021-22. The application deadline is 18 June 2021, with investment decisions made for this funding round by the Autumn 2021.
The UK Community Ownership Fund will aim to “empower communities to protect vital community assets in their area by providing funding to take ownership over them, in support of the social wellbeing of local communities”. £150m will be made available through this Fund so that communities can support and continue to benefit from local facilities, community assets and amenities.
Comhairle Leader, Councillor Roddie Mackay, said: “These Funds represent a significant opportunity for the local economy, both in terms of capital and revenue."
The Comhairle is keen to hear from partner, community and business organisations who may have projects that fit the criteria for the Community Renewal Fund and the Levelling Up Fund.
Further details of the Funds are also available at: