BBP Regeneration led a multi-disciplinary team in preparing a Stage Two application for £1.9m of funding from the Coastal Communities Fund. The funding bid aimed to rejuvenate the economy of Newhaven by creating new work and community space and developing linkages between three existing facilities at Denton Island in central Newhaven. The project will provide new Innovation Space at the existing Enterprise Centre; provide increased Nursery space to support workers within the expanded Centre; construct new skills and employment training facilities; create a Café allowing additional space for communal networking, meeting and break out space, and; improve public realm to provide a cohesive image for the activities.
We held workshops to help the stakeholders devise a robust business model, agree management and governance arrangements, agree income and expenditure forecasts and commit to output targets. We worked closely with the technical team contributing to design workshops and managing capital cost parameters. This enabled us to prepare a detailed business plan, financial appraisal examining cashflow over 12 years, and coordinate the completion of the necessary application forms.
The funding application was successful, and the project is set to help 550 people into work, create around 350 jobs, and support over 80 business startups.