New money

Name of fund: The Regeneration Investment Fund for Wales

Source of funding: The Welsh Assembly Government and the European Regional Development Fund.

How much is it worth? £55 million: the Wag is investing £30 million - comprising property assets and £9.4 million in cash - and the ERDF is investing £25 million.

What's it for? The fund aims to regenerate towns and cities in Wales by making investments in the form of equity, loans and guarantees.

Who is eligible? The Wag says that any organisation can apply for funding, but it will only invest in projects that are part of an integrated plan for sustainable urban development as this creates a "broader, more strategic, holistic approach" to regeneration.

How to apply? Potential applicants should visit www.rifw.co.uk for more information. The Wag says the fund is on track to be launched later in the year, with the first investments being made before the end of 2010.

Last call

Deadline: 13 September
Name of fund: Awards for Bridging Cultures
What's it worth? Six awards of £5,000 and two of £10,000
What's it for? Organisations that "help to build bridges between communities and cultures". Funding will be awarded to organisations in three categories: community and voluntary bodies with an annual income above £100,000; those with an annual income below £100,000; and public and private sector bodies that support groups promoting "intercultural dialogue"
More information Visit www.bridgingcultures.org.uk