Funding


Thank you for your interest in Capital Ambition. The fund is now closed to new funding applications.

To date projects that have attracted support have been those which met one or more of the Capital Ambition Board’s priorities and funding criteria. 

The five main funding priorities:

  1. Enhancing collaborative procurement.
  2. Shared approach to service delivery.
  3. Major policy programmes that advances localism.
  4. Service re-design/innovation to improve productivity.
  5. Improving workforce planning and productivity.

The main funding criteria:

Participation: 

  • At least two London Boroughs were engaged in the project (or that the project could demonstrate it was addressing  significant performance issues in an individual Borough)
  • The outcomes of the project should be scalable to a wider area of London

Investment:

  • That required funding was above the minimum funding limit
Number of Boroughs 1 2-3 4-6 7+
Minimum funding £20,000 £40,000 £80,000 £100,000

 

  • That there were clear milestones to de-risk the investment
  • That there were clear measurable outcomes

Governance:

  • That the project completed an options appraisal
  • That there was a clear case for the delivery of benefits

Projects also needed to say "yes" to most of the following secondary criteria:

  • Returns on investment in excess of 5:1
  • Payback period before 2015
  • Matched funding from the Borough's of at least 50%
  • Support from the Leaders of the Boroughs
  • Chief Executive sponsorship for the project
  • A named senior manager to lead the project
  • A clear project structure

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