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Aug 15, 2024 · The Community Ownership Fund will target a minimum of £12.3 million in Scotland, £7.1 million in Wales, and £4.3 million in Northern Ireland of the total Fund.
- Community Ownership Fund Round 4: how to express your ...
Before you can submit a full application to the Community...
- Community Ownership Fund Round 4: how to express your ...
Mar 6, 2024 · Before you can submit a full application to the Community Ownership Fund, you must first submit an expression of interest (EOI). This is a short form that enables us to assess whether your...
Jul 15, 2021 · The £150 million Community Ownership Fund supports community groups in England, Scotland, Wales and Northern Ireland to take ownership of assets and amenities at risk of being lost.
- What Is The Community Ownership Fund?
- Who Can Apply to The Community Ownership Fund?
- What Projects Are Eligible For The Community Ownership Fund?
- Does The Building Need to Be Registered as An Asset of Community Value?
- What Can The Community Ownership Fund Money Be Spent on?
- Will We Need Match Funding to Apply to The Community Ownership Fund?
- How Can I Get Match Funding For The Community Ownership Fund?
- How Much Could We Get from The Community Ownership Fund?
- Can We Get Help with The Application Process?
- How Do I Apply to The Community Ownership Fund?
The Community Ownership Fund is a £150 million pot of money to help people protect community assets that are at risk of closure, such as pubs, shops, galleries and sports centres.
Voluntary and community organisations can apply from anywhere in the United Kingdom. You can express an interest as an unincorporated organisation, but you will need to have a recognised legal structure before you apply properly. Examples of eligible organisations include: 1. Charitable Incorporated Organisations (CIO) 2. Scottish Charitable Incorp...
The eligibility rules recently changed so many more projects across England, Wales, Scotland and Northern Ireland are now in with a chance of receiving funding. There isn’t a fixed list of the types of properties that will be eligible. Instead, the ‘community benefit’ requirement is quite broad. For example, the project might help to ‘improve socia...
No. Buildings and land listed by local authorities as Assets of Community Value can be put forward, but there’s no requirement for an asset to be listed.
The primary aim of the Community Ownership Fund is to enable community organisations to buy or lease buildings and other assets that would otherwise be at risk of closure. This Community Asset Transfer gives people greater control over sports clubs, village halls, music venues and other properties. For example, a CIC might apply for a capital grant...
Yes, the Community Ownership Fund will only contribute up to 50% of the total capital required, so you will need other funding. While volunteer time can’t be included in match funding, some other donations can, for example a discount on the price of the building or pro-bono construction services. You don’t need to match any revenue funding.
Some of the money could come from your reserves, trusts or community shares. However, in most cases you’ll need a loan from an organisation like Charity Bank. Charity Bank is a specialist provider of loans for community organisations, charities and social enterprises. We’ve helped numerous communities to protect and grow their assets. For example, ...
In most cases, the maximum grant will be £250,000. However, up to £1 million may be available for sports facilities in exceptional circumstances, for example a community-owned sports club.
The government plans to offer extra support to those applicants that most need it. For example, you might be able to get advice on your project proposal. Charity Bank will also offer support throughout your match funding loan application. We pair every borrower with a relationship manager and you’ll be guided through the process every step of the w...
The first step in applying is to fill in a short Expression of Interest (EOI) form to check whether your project is eligible. Once your EOI has been approved, you can apply in a bidding window. The next bidding window is now open as of 15 February 2023. If you plan to apply in this bidding window, you need to express your interest at least 3 weeks ...
Community groups will be able to bid for up to £250,000 matched-funding to help them buy or take over local community assets or amenities at risk of being lost, to run as community-owned businesses.
Jul 6, 2023 · Any costs incurred before the deadline for submitting an application in the window that you applied will not be eligible as part of the Community Ownership Fund project funding package. You should note that any spend you incur before receiving your outcome letter is spent at your own risk.
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Apr 3, 2024 · The fund is open for projects to take ownership of assets at risk of loss in a community. Eligible organisations include incorporated voluntary and community organisations, and parish, town and community councils (depending on eligibility requirements).
