Deadline 13th August 2021
The purpose of the Fund is to support communities in all parts of the United Kingdom to purchase community assets and amenities and run them as sustainable community businesses.
The Community Ownership Fund has a total value of £150 million. The Fund will contribute up to 50% of the total capital required.
Applicants can apply for a blend of the following funding:
- Capital funding to take ownership (including the acquisition of the building; refurbishment costs alongside a sale or a transfer). Up to £250,000 match-funded capital will be available for most asset types. Exceptionally bidders will be able to make the case for up to £1 million match-funding to help establish a community-owned sports club or help buy a sports club or ground at risk of being lost without community intervention.
- Funding for project development – this might include professional fees for technical advice from architects or surveyors or legal advice. It might also include costs for project management to oversee capital works where this is part of an application.
- Post-acquisition support funding for up to the first year of operation, where there is a convincing case that this will help support a sustainable business model in the long term. Up to £50,000 (and no more than 20% of the total capital costs applied for through the Fund) is available for project development costs and post-acquisition support.