Community Ownership Fund: prospectus

Purpose: Apply for funding to take ownership of assets at risk of loss in your community

Type of fund: Competitive

Who can apply: Incorporated voluntary and community organisations, and parish, town and community councils (depending on eligibility requirements)

Capital funding available: Up to £2 million for all asset types, but we expect that most awards will be for up to £250,000 of capital funding.

Goals:

• support community groups to take ownership of assets which are at risk of being lost to the community
• support community groups where the asset is already in community ownership but needs essential renovations to be sustainable for the long-term benefit of the community
• strengthen community ownership across the UK
• strengthen the social infrastructure that helps communities to thrive

Key dates to note:

• Expression of Interest stage – always open
• Round 3 Bidding Window 2 – 30 August – 11 October 2023
• Applications must be submitted by 11:59am (midday) on each bidding window’s respective closing date
• There will be 4 bidding windows each year at regular intervals
• March 2025 – Fund closes

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