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The Neighbourhood Regeneration Fund (NRF) is a £10.28 million capital fund.
Its aim is to help groups deliver capital projects in their communities which help develop neighbourhood tourism, improve environmental sustainability and support the city’s social economy.
NRF is our fresh approach to physical regeneration across the city. Its themes are directly linked to these strategies:
We will use an Outcomes Based Accountability approach, or OBA, to monitor the impact of the fund. It measures effectiveness and impact by answering three questions: How much did we do? How well did we do it? Is anyone any better off?
The final stage for these projects includes a range of activities such as due diligence and contractor procurement to establish detailed project costs. Once this information has been received and carefully considered, councillors will make a final decision on which projects will go ahead under the fund.
Construction is likely to begin on some of the successful projects from early 2025 onwards.