COMMUNITY RENEWAL FUND
Following the UK’s withdrawal from the European Union, the country will not be participating in future European Structural & Investment Fund programmes. Petroc has previously secured significant sums of funding from the European Social Fund and European Regional Development Fund, which are the main two strands of this programme.
The UK government has committed to replacing these funding programmes, and the Community Renewal Fund is stage one of this replacement, which will pilot new ways of working, in advance of the rollout of the UK Shared Prosperity Fund (SPF), which is part of longer-term plans to replace EU funding schemes within the UK.
Petroc has successfully secured two bids: