Grant News

Community Ownership Fund Round 3 Now Open for Applications (UK)

The Government has announced that round 3 of the £150 million Community Ownership Fund is now open for applications. The aim of the fund is to provide financial support to community organisations in England, Wales, Scotland and Northern Ireland to take over local assets such as community centres, pubs and high street shops, etc that are threatened by closure.

The Department for Levelling Up, Housing & Communities will invest in community ownership projects where these assets make the biggest difference to the local place. Applicants should demonstrate how the benefits of the community asset will address community need in their local place.

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 will contribute up to 50% of total capital required.

Revenue funding is used to fund the running costs of the project. This might include general costs, utilities, staffing costs, or recruitment for example. Please note that your revenue funding request cannot be more than 20% of the capital funding request or £50,000, whichever is smaller.

Applicants need to submit an Expression of Interest form at least 3 weeks before the closing date of 14 April 2023.

22nd February 2023