The Castle Vale Endowment Trust Fund (ETF) was set up as a succession vehicle to the Housing Action Trust in 2005 to provide funds to continue the regeneration work, through community projects. The resources are finite and will only last until 2017, so are intended to support projects in a limited way, not to wholly fund them so they are reliant on the ETF grant. The Trust’s funding strategy is informed by the Neighbourhood Partnership Board’s Neighbourhood Plan alongside its defined charitable purpose defined in its constitutional framework.
ETF provides funding based on the priorities in the Castle Vale Neighbourhood Plan and the charity’s objectives. The key objectives, shaped by the strategic aims, are:
- People – To tackle the deprivation that still exists on Castle Vale primarily around health and people achieving to their full potential.
- Place – To support projects that will ensure that the improvements made to date, primarily around crime levels, residents increased feelings of safety and the cleanliness of Castle Vale are both sustained and improved further.
- Leadership – To support those projects which encourage resident involvement and community governance.
- Small Grant Provision – To support those projects and activities that are unable to secure funding from elsewhere, both through the key objectives and through the provision of a grant for smaller applications which are less than £5k.