Possible EU funding boost for Rolle Centre project

10:41 22 November 2012

The Owen Building at Rolle College

The Owen Building at Rolle College

Archant

The Rolle Centre project could receive a massive cash boost from the European Union.

The transformation of the former Rolle College into a community hub has hit a crucial stage – the cost of recommissioning the buildings is now an estimated £2.5million.

Rolle Exmouth Limited (REL), a not-for-profit company set up by residents, has been working to turn the former campus into a hub for education, training, community and cultural activities and business units.

Now Devon County Council bosses has stepped into lend REL their expertise to help draw up a funding bid to the European Regional Development Fund (EDRF).

The EDRF is used to ‘even up’ regional disparities in regional development across Europe by investing in business innovation and support and regeneration.

REL chairman Roy Pryke said: “This bid has to be submitted in outline by next Friday (November 30) and we will know by the end of February whether we are proceeding to the next stage.

“Our aim is by the end of February to have produced the investment case…including the outcome of our submission of expressions of interest and applications to funding bodies, which are currently active and in our pipeline.”

He pledged to hold a meeting for investors following the last share issue last spring as soon as they reached the point they would make decisions which would impact directly on shareholders.

0 comments

Other News Stories

Yesterday, 17:08

Emergency services were called out this afternoon after a vehicle collided with a pedestrian in Exmouth town centre.

Read more
The public bus currently makes a regular visit to Slade Close. Ref sho 7132-06-15SH. Photo Simon Horn

Ottery’s town bus has been saved after strong opposition was voiced over its proposed withdrawal – but funding is still needed to secure its long-term future.

Read more
Yesterday, 11:53
Michael Kiwanuka.

Up-and-coming soul singer songwriter to top Croyde festival this June.

Read more
Yesterday, 11:49

Witnesses wanted following fatal crash on the A35 near Monkton Wyld

Read more
Yesterday, 11:37
Clyst St George teenager George Wheatley being presented his certificate by Victoria Gage.

A Clyst St George teenager has been presented with a certificate after successfully completing his apprenticeship at a natural ingredient company.

Read more
Yesterday, 10:55
Sandi Nicholls who is gearing up for an Indian cycle challenge

Sandi hopes to raise £3,000 to improve the health of women and babies

Read more

Local Weather

Sunny

Sunny

max temp: 3°C

min temp: 5°C

Most Read News

Family Notices 24


Devon's trusted business finder