Magna Park Corby Development Impact Fund

• have a registered address within North Northamptonshire, and/or demonstrate how the project will directly benefit communities affected by the Magna Park development
• be one of the following:
  • Community group
  • Town or parish council
  • Sports association or club
  • North Northamptonshire Council service
  • Charity or voluntary organisation
  • Public service provider
• meet the Minimum Financial Assistance requirements
• provide at least one quotation for proposed expenditure (or three quotations for items exceeding £5,000)
• submit accounts from the most recent financial year

Under the terms of the Section 106 agreement, the Development Impact Fund can support projects that help mitigate the impact of the Magna Park development and address increased demand on local services, facilities and infrastructure.

Eligible projects may include:

• provision, improvement, management and maintenance of community facilities
• enhancement, maintenance and inspection of public spaces for community use
• provision and improvement of community paths, wayfinding and signage
• improvements to community infrastructure and electronic communications networks
• community carbon reduction and carbon offsetting initiatives
• ecological education programmes and activities that increase awareness of local green and blue infrastructure
• community facilities and spaces that support environmental education and awareness activities

The fund cannot be used for:

• activities or works that are a statutory responsibility, such as grass verge mowing
• works that are considered a responsibility of the Developer that are otherwise provided for under the relevant planning permission(s) for the Development
• projects that have exclusive membership and do not allow anyone to join
• commercial or business venture which makes a profit
• religious promotion
• political activities or promotion
• replacement of facilities covered by an insurance claim
• land banking

• match funding is not required
• successful applicants will be required to enter into a grant agreement
• grants are normally paid following completion of the project and submission of a fully evidenced claim form
• grants must be paid into the organisation's designated bank account
• grants over £25,000 may be eligible for staged payments, which will be considered on a case-by-case basis
• projects must not begin before a funding decision has been made and approval has been confirmed
• incomplete applications will not be assessed

To help you complete your application for the Magna Park Corby Development Impact Fund, please have the following information ready before starting the application form.

Organisation information

You will need:

• organisation name and contact details
• project lead name, telephone number and email address
• organisation address
• charity number or company number (if applicable)
• bank account details for grant payments, including the account name, account number, sort code, bank name and branch or town
• details of the organisation that will receive the grant funding, if different from the applicant organisation

Project information

You will be asked to provide:

• a project title
• a summary of your project and how the funding will be used
• the aims and objectives of the project
• evidence of need for the project
• details of how the project will address the impacts of the Magna Park development
• information about who will benefit and where they are based
• the expected outcomes and impact of the project
• an overview of when the project will be delivered
• the location of the project, including postcode where applicable
• the funding priorities your project supports

Funding information

You will need details of:

• the total project cost
• the amount of funding you are requesting
• any match funding or other funding sources
• a breakdown of project costs, including:
  - what the funding will be spent on
  - whether costs are capital or revenue
  - the source of funding for each cost
  - whether funding has been secured or is still being sought
• any match funding and any project costs funded, or proposed to be funded, from another source

Project delivery information

Be prepared to explain:

• who will deliver the project
• how the project will be managed
• your organisation's experience of delivering similar projects
• whether other organisations will be involved in delivery
• whether quotations have been obtained for any work, goods or services

Site and permissions

You will need to confirm:

• whether planning permission is required
• whether your organisation owns or leases the project site
• any permissions needed to deliver the project

Project timetable

You will be asked to provide:

• an expected project start date
• an expected completion date
• the project duration
• key project milestones and the dates they are expected to be achieved

Projects should not start before a funding decision has been made.

Risks

You should consider:

• any risks that could affect project delivery
• how likely those risks are
• what actions will be taken to manage them
• who will be responsible for managing each risk

Supporting documents

Applicants will be asked to upload:

• the organisation's latest accounts
• the organisation's constitution or governing document
• evidence that the organisation owns or leases the project site, where applicable. If the site is leased, the lease must have at least five years remaining
• quotations for goods, services or works included in the application

Declaration

The application will require confirmation that:

• the organisation understands and will comply with the funding conditions
• the information provided is complete and accurate

Under Section 36 (1) of the Subsidy Control Act 2022, an organisation can receive up to £315,000 of public funding over a rolling three-year period. You will need to declare any previous grants from public subsidy you have already received over the last three fiscal years. Subsidy Control: a guide for beneficiaries - GOV.UK