Renew Newcastle is pleased to welcome UrbanGrowth NSW, Newcastle City Council and Newcastle Now as funding partners for 2015. This additional support brings Renew Newcastle steps closer to ensuring we can continue our work for another year, revitalising the city’s CBD through creative use of empty space.
UrbanGrowth NSW has come on board as a new partner with a commitment of $50,000 for 2015. Minister for Planning Pru Goward and UrbanGrowthNSW Director Michael Cassel presented a cheque to Renew Newcastle General Manager Christopher Saunders on Friday 6 February at former Renew Newcastle project Studio Melt, who ‘graduated’ to a full commercial lease in 2012.
We are also very pleased to welcome back two previous supporters, Newcastle City Council and business advocacy group Newcastle Now.
Newcastle City Council have confirmed they will support Renew Newcastle with $30,000 a year for three years from council’s Hunter Street Revitalisation Masterplan which will contribute to Renew’s operational costs.
Newcastle Now have committed $40,000 to Renew Newcastle for 2015. This is made up of a $20,000 towards operational expenditure and $20,000 earmarked for ‘green space’ activation, allowing Renew Newcastle to expand its revitalisation efforts to include public spaces.
These funding commitments come off the back of an announcement made in October 2014 from long-time supporters Hunter Development Corporation (HDC) who confirmed their ongoing support by pledging $30,000 a year for three years.
Additionally, Renew Newcastle has been successful in an application for Newcastle City Council’s Economic Development Sponsorship Program. A total of $17,000 will allow Renew Newcastle to develop a mentoring and training program, turning fledgling business ideas into sustainable, creative business enterprises and contributing to Newcastle’s economic and cultural growth.
Combined these partnerships bring us so much closer to our funding goal for 2015. We still need $70,000 to match 2014 funding that will provide staffing and resources to support existing projects (58 in 28 spaces) and take on future opportunities.
We are currently working with the NSW Government to resolve the shortfall and are hopeful, given our track record of low cost / high return on investment urban revitalisation and small business incubation, that we will have even more positive news on our funding situation in coming weeks.
Thank you to all our wonderful supporters who have sent letters and emails to government representatives and offered your advice and services. Your effort is helping Renew Newcastle inch closer towards our funding goal and we are so very grateful.