Information for local authorities bidding for funding from the Transformation Challenge Award and capital receipt flexibility 2014 to 2016.
The Transformation Challenge Award is a challenge fund which makes £120 million grant (£15 million in 2014 to 2015 and £105 million in 2015 to 2016) and a £200 million facility to use the capital receipts from asset sales flexibly to support transformation, available to support local authorities re-engineer their business practices and redesign service delivery.
This bidding prospectus contains the information that local authorities need to complete bids for funding. The first deadline for the Transformation Challenge Award is 1 July 2014 (bids for 2014 to 2015 funding and expressions of interest for 2015 to 2016). The deadline for bids for 2015 to 2016 funding is 1 October 2014.
Last year’s Transformation Challenge Award 2013 to 2014 saw 18 successful bidders, with 44 local authorities and 5 fire authorities, benefitting from funding. The Transformation Challenge Award 2014 to 2016 aims to build upon the successes of last year’s Transformation Challenge Award and help councils take transformation even further forward.
The Department for Communities and Local Government, in partnership with New Economy, are organising a series of cost benefit analysis workshops around the country for authorities interested in putting bids forward to the Transformation Challenge Award. These workshops are half-day sessions designed to support authorities with the cost benefit analysis element of Transformation Challenge Award bids, as well as cost benefit analysis in general.