IM Properties has launched a £270,000 community fund to assist local projects surrounding the proposed Peddimore employment park.
The Peddimore Community fund will be managed by the Heart of England Community Foundation, and the first set of grants of up to £2000 will be awarded on a quarterly basis during 2019, with applications now open for April.
Peddimore is a major new employment park being created by IM Properties in Minworth, Royal Sutton Coldfield, to attract national and international logistic and manufacturing companies and generate up to 6,500 jobs, with 3,000 from associated supply chains.
The £270,000 fund will be split over the six-year lifespan of the scheme and in the first year IM Properties will be looking to support up to 13 projects. This could include grants for sports or community projects, social welfare, health and well-being initiatives or formal training and education programmes.
David Smith planning director at IM Properties said the fund was part of an extensive Social Value programme being implemented at Peddimore to deliver social and economic benefits to the local community.
“We’ve said from the beginning that Peddimore is all about leaving a positive lasting legacy for the local community, and the Peddimore Community Fund is one of the many initiatives being undertaken by IM Properties to deliver real social benefits to the area, in addition to the significant job creation.
“As a company and as individuals, IM Properties and its supply chain are all signing up to donate both time and money to directly support organisations most in need of assistance, where we can make the greatest difference. This fund takes us one step further towards achieving our objectives.”
Tina Costello, Chief Executive of Heart of England Community Foundation, said: “We are very excited to be working with IM Properties on the Peddimore Community Fund and look forward to supporting some great local initiatives. Our website provides full details of the criteria and examples of the types of projects the fund wishes to support.”
IM Properties has also partnered with four community organisations as part of its Social Value agenda including St Basils, The Jericho Foundation, The Pioneer Group and Witton Lodge, with an aim to work with together to ensure individuals and communities most in need, benefit from both the social and economic value the company and its supply chain looks to deliver at Peddimore.
If planning is approved, Peddimore will create a major new economic asset for Sutton Coldfield and Birmingham and create up to 6,500 direct jobs and up to 3,000 supply chain jobs to support the site’s potential occupiers across the manufacturing and logistics sectors.
For more information on the fund, or to apply, please visit: http://www.heartofenglandcf.co.uk/peddimore-community-fund/ or call 024 7688 3297.