More community projects are set to benefit from funding to rescue prized local assets, such as sports clubs, music venues and historic buildings, as the Department for Levelling Up, Housing and Communities launches the third round of its £150 million Community Ownership Fund.
Changes to the fund will make it easier than ever for community groups to seize back control of prized local assets that are at risk of being lost forever – helping to strengthen and level up communities and restore optimism, hope, and pride in the UK.
The requirement for match-funding is also being reduced to as low as 10%, making it easier for communities to acquire assets without raising additional private funding. For the first time, parish councils will also be able to apply to the Fund, which has previously only been available to charities and community groups.
Further information
- Applications to bid for round 3 of funding through the Community Ownership Fund will open on 31st May. Further information can be found online.
- The prospectus is available online here.
