gap funding

During the latter part of 1999, new directives introduced by Europe abolished the Partnership Investment Programme under which gap funding was administered to development projects. This essentially had been designed to bridge the gap between costs of developing primarily speculative commercial projects which exceeded completed project values.

A new gap funding programme has now been approved by Europe (1 January 2007) and funds are available through this Programme in certain areas of the UK subject to varying limitations. English Partnerships and Regional Development Agencies are able to offer gap funding for development projects in priority areas which meet certain eligibility criteria.

Thomas Lister are experienced in the preparation of applications for gap funding under the new programme, on behalf of private sector development clients and also in the appraisal of gap funding projects on behalf of the public sector considering investing gap funding into projects.