The £2m Economic Recovery Fund was set up in acknowledgement of the huge strain the city’s economy is under, particularly those sectors hardest hit by Covid-19 trading restrictions. It is part of the council’s wider response to Covid-19. The fund opened on 19 March 2021 to project ideas that would support the city centre, district centres and local centres to reopen and get back on their feet.

What we have learned and applications received

Since its launch we have talked to so many businesses and heard really exciting ideas about what they want to see in their areas. In turn, the collaborative and open approach being taken to developing ideas for the fund has been really welcomed.

We have received over 50 applications to the small fund (up to £50k) and 30 Expressions of Interest for large projects (up to £200k). The Steering Group is currently working its way through scoring these, after a pause due to the election period. We’ve a fair bit to get through and, as a result, are pausing new applications until we can assess how much of the £2m might be committed already.

Projects we are looking to fund

So far, we are looking to approve 5 small projects and invite 7 large projects to submit full applications for further assessment, as per our process in the fund’s application guide.

Large project EOIs

District Centre Based:

  1. Hillsborough Regeneration Project
  2. Wonderful Walkley
  3. Beautiful Broomhill
  4. Family Friendly Firth Park

Event/city animation:

  1. Community in Unity
  2. Division Street Market
  3. Covent Garden of Sheffield

Small projects

District Centre Based:

  1. Bear Trail Extension
  2. Totley Access for All

Event/city animation:

  1. Orchard Square animation
  2. Indie Music Trail
  3. Tudor Square animation

For more information about these and the wide Phase 1 of the Council’s Recovery Delivery Programme, see item 8 of the new Cooperative Executive’s agenda, set to meet for the first time on 9 June 2021.

We will keep this page updated with any news, so please keep checking back to keep in the loop and send any questions to recoveryfund@sheffield.gov.uk.

Contact Recovery Fund Team

Supporting information