We understand DEFRA have temporarliy paused new CS Capital Grants agreements and applications, whilst they re-assess the schemes’ value for money and ensure taxpayer funds are being used effectively. This follows a surge in applications in the lead-up to the budget statement and pressure on the overall budget.
The handling of this announcement, without any pre-warning has created uncertainty for us all, and we will update you further as soon as we have more information. If we are currently working on an application for you we will be in touch directly to discuss this shortly.
It is important to make clear that these changes are only being applied to new offers. Those who already have agreements in place, will not be seeing any changes to their funding, as there is already a legal agreement in place. However, the RPA will not be offering any new agreements for the foreseeable future, and we await clarification as to how those applications currently in the system, but not yet agreed, will be handled.
Please dont hesitate to contact us if you have any queries.