Grant News
Increased Government Funding to Rescue Community Assets at Risk of Closure (UK)
The Department for Levelling Up, Housing & Communities has announced changes to the £150 million Community Ownership Fund, to make it easier for communities across the UK to take over local assets that are at risk of closure.
Previously only available to charities and community groups, the Fund is now also open to applications from parish councils.
The amount of funding all projects can bid for will be increasing to £1 million, and the requirement for match-funding is being reduced to as low as 10%, making it easier for communities to acquire assets such as sports clubs, music venues and historic buildings without raising additional private funding.
Round 3 of the Fund will open to applications on the 31st May 2023.
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15th May 2023