Community Ownership Fund | Now Open for Applications

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This fund is now closed.

The £150 million Community Ownership Fund is for communities across the United Kingdom. It has been set up to help communities take ownership of assets at risk of closure.

The fund hopes to ensure that local people across the UK can support and continue benefiting from treasured local institutions whose future may be in doubt. Whether it’s the pub on the high street that’s facing closure, a village shop or a local sports team that might lose its ground, the Fund offers a great opportunity for local groups to take them over and to run them as businesses – by the community, for the community.

It will run for 4 years until 2024/25. Voluntary and community organisations can bid for match funding. Funding may support the purchase and/or renovation costs of community assets.

Applications are subject to the eligibility requirements outlined in the prospectus. The Fund will support a range of proposals that enable people and communities across the UK to thrive.

Proposals will need to prove the value of the asset to local people and that the asset can run sustainably for the long-term benefit of the community

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

Capital funding available: Up to £1 million for all asset types, but we expect that most awards will be for up to £250,000 of capital funding.

For full information, please click here.

Key dates to note:

• Expression of Interest stage: Always Open
• Round 3 Bidding Window 1: 31 May – 12 July 2023
• Applications must be submitted by 11:59am on each bidding window’s respective closing date
• There will be 4 bidding windows each year at regular intervals
• The fund closes in March 2025.