Revolving Investment Fund
What is the Revolving Investment Fund?
The Revolving Investment Fund (RIF) is a capital investment programme to support, enhance and deliver economic opportunities within Worcestershire to support its "Open for Business" agenda.
The property market is generally well served by the private sector and this source of funding is not seeking to directly compete in those markets but to support schemes which will benefit from the County Council involvement and where the County Council can add value. Its ultimate aim is to accelerate investment and economic growth within Worcestershire, bringing jobs and opportunities to Worcestershire whilst providing an income stream to the County Council.
The RIF will target cash-generative, mid-sized commercial developments in Worcestershire but retain the flexibility to look at a wide range of schemes and stages of project development within this, as long as the projects meet the investment criteria.
The RIF is not limited to projects in which the County Council is the sole investor. Any projects will be considered as long as the criteria below are met, whether the investment is to be funded solely from the RIF or between a range of partners in a co-funding arrangement. This could include the Worcestershire Local Enterprise Partnership, other local councils or private investments sources.
Applications are encouraged which are targeting cash-generating, mid-sized commercial developments with a contribution from the RIF between £500,000 and £2.5 million.