Types of funding

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• CIL- CIL is a levy that local authorities can choose to charge on new developments in their area. The money should be used to support development by funding infrastructure that the council, local community and neighbourhoods want.

• The Community Infrastructure Levy (the ‘levy’) is a charge which can be levied by local authorities on new development in their area. It is an important tool for local authorities to use to help them deliver the infrastructure needed to support development in their area.

• The levy only applies in areas where a local authority has consulted on, and approved, a charging schedule which sets out its levy rates and has published the schedule on its website.

• Most new development which creates net additional floor space of 100 square metres or more, or creates a new dwelling, is potentially liable for the levy.

• National Lottery Heritage Fund: They fund a large number and different types of projects which connect people and communities

• The heritage project can be anything that a community values and does not have to be a listed building.

• Funding can be granted for historic building, monuments, and the historic environment  which includes houses and mills and gardens.

• Crowd Funding: Crowd funding is a way of asking large group of people for small amounts of money this can be done over the internet or by hosting events. Then different types of funding can be expected Debt funding, donations and equity funding.

• Debt Funding is when the investors get their money back with interest and is used to skip traditional bank.

• Donations/ reward funding is when people invest simply because they believe in the cause and want to see the idea take shape. Donors have a personal interest in putting their money into the idea and expecting nothing back.

• Equity funding is when people invest in return for shares or small stakes and get a return only if the value of their shares go up.

• Good Growth Fund: Good Growth fund is an initiative by mayor Sadiq khan to fund and support growth and community lead development.

• The funds are available to a wide range of projects in order to promote regeneration in areas and funding will be provided to deliver community lead regeneration, small businesses, enhance public space etc.