New management for £4m Caithness and North Sutherland Fund
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A £4 million fund to boost regeneration in Caithness and north Sutherland has appointed a new administrator to look after the fund.
The Caithness Chamber of Commerce will oversee the Caithness and North Sutherland Fund (CNSF) as part of its portfolio of fund management.
Fiona Forbes, the new chair of the CNSF, said: “The CNSF board is delighted to have engaged the Caithness Chamber to administer the fund on a day-to-day basis. With a strong foothold in the socio-economic landscape of the north Highland region, we are confident that the expert fund management and local business and community knowledge provided by the chamber will be extremely beneficial to the fund.
“Since launching in 2011, the CNSF has made a significant contribution to the Caithness and north Sutherland area, committing a total of £2,938,286 towards 216 community projects with a cumulative value estimated to be over £14 million. The projects are wide-ranging and deliver major improvements through the fund's core themes – social improvement, infrastructure, environment, and culture.”
Trudy Morris, chief executive of Caithness Chamber of Commerce, said: “We are delighted to add the CNSF to our portfolio of fund management. As a chamber, we are constantly evolving and looking for new ways to support not just our members but also the wider community. We are pleased to bring our professional knowledge and experience to the administration of the CSNF and look forward to working with the board on the delivery of the fund’s key objectives.”
The CNSF was established to distribute a £4 million funding package provided by the Nuclear Decommissioning Authority as a result of the low-level waste facility built near Dounreay.
Funding is distributed to community organisations for projects that will increase the attractiveness of Caithness and north Sutherland as a place to live, work and invest, with particular emphasis on achieving environmental, social, cultural and infrastructure improvements.
Grants are distributed in line with the NDA’s socio-economic policy with applications being assessed every quarter. Further information about the CNSF and how to apply can be found at www.cnsf.org.uk or by contacting the fund coordination team on enquiries@cnsf.org.uk or 01847 500101.
