Councillors have today agreed to invest 拢100,000 towards the Regenerative Futures Fund (RFF), a new multi-million-pound initiative to make Edinburgh a fairer place to live.
Acting on the Capital’s pledge to take all the actions necessary to eradicate poverty in Edinburgh, the Council’s support will help kickstart an ambitious £5m to £10m fundraising plan. With every £1 contributed by the Council, the expects to leverage £5 to £10 from other sources of funding, significantly boosting the support available for community projects across the Capital.
The money will be used to support between 10 to 15 community organisations over the next decade, providing them with stable, long-term funding of up to £100,000 per year to create sustainable solutions that will address the root causes of poverty and inequality in Edinburgh.
It also builds on commitments made by the Council in February as part of its budget-setting exercise to prioritise poverty fighting projects, including £500,000 towards child poverty reduction, £100,000 for a Youth and Community Welfare Transition Fund, £25,000 to support the Big Hoose project which helps families experiencing hardship with household items, alongside close to £3m towards the city’s homelessness spend.
Council Leader Cammy Day said:
I’m delighted that we’ve had support from Councillors to make this investment into the future fairness of our city.
Back in 2020 Edinburgh became the first UK city to set a target date to end poverty and we remain committed to doing everything we can. We know that this is not an easy task but we must be ambitious and drive the change that is so greatly needed.
The creation of the RFF not only directly responds to our poverty fighting goals, it answers the calls we heard loud and clear from the Edinburgh Poverty Commission: we need a city-wide partnership fund to help us end poverty together.
Today’s decision is a promise to work hand-in-hand with those who understand poverty firsthand, ensuring that their voices help us towards Edinburgh’s solutions.
Leah Black, Head of Regenerative Futures Fund, Foundation Scotland said:
This is a significant step towards creating a more equitable and sustainable Edinburgh.
The Regenerative Futures Fund is driven by the principle of shifting decision-making power to those most impacted by poverty, allowing communities to lead initiatives based on their own experiences and insights.
We’ve spent close to two years designing a scheme co-created by a diverse range of people including those with lived experience of poverty and I’m excited to see how it will empower our communities to effect real change in the lives of those living in poverty.
An annual progress report on the program will be provided to the Policy and Sustainability Committee in Autumn 2025.