Community Ownership Fund
Alongside the UK Community Renewal Fund and Levelling Up Fund, UK Government have launched the Community Ownership Fund.
The fund is for voluntary and community organisations to bid for match funding to support the purchase and/or renovation costs of community assets and amenities. Proposals will need to prove the value of the asset to local people and demonstrate that the asset can be run sustainably. Unfortunately, town, city and community councils are currently not eligible to apply.
Up to £250,000 match funded capital will be available for all eligible types of assets. In exceptional cases, bidders will be able to make the case for up to £1 million match funding for assets related to sports facilities.
The Community Ownership Fund launched the updated prospectus on 27 May 2022 with the first bidding window commencing 10 June 2022 and closing on the 19th August. There will be two more bidding windows before March 2023. Exact dates will be announced in due course.
Further detail about the fund can be found online here: https://www.gov.uk/government/publications/community-ownership-fund-prospectus
If you would like support to develop a community project or idea please get in touch with our Community Development Team via email: communitydevelopment@denbighshire.gov.uk.
