The Community Ownership Fund will help ensure that communities across England, Scotland, Wales and Northern Ireland can support and continue benefiting from the local facilities, community assets, and amenities most important to them.
Voluntary and community groups can bid for match funding to help them buy or take over local community assets at risk of being lost, to run as community-owned businesses. Funding may support the purchase and/or renovation costs of community assets and amenities.
The Fund has four strategic objectives:
to provide targeted investment for communities to save and sustain community assets that would otherwise be lost to community use
to strengthen capacity and capability in communities, supporting them to shape their places and develop sustainable community businesses
to empower communities in left-behind places to level up
to strengthen direct links between places across the UK and the UK government
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. The fund will support a range of community ownership proposals. For example, projects may include:
sporting and leisure facilities
cinemas and theatres
post office buildings
Who can apply
The Community Ownership Fund will consider applications from voluntary and community organisations from all parts of the United Kingdom that have a viable plan for taking ownership of a community asset at risk and running it sustainably for community benefit.
Applications for funding will only be accepted from incorporated organisations that are set up to deliver charitable purposes, social purposes or public benefit. Organisations must show this through their charitable purpose and/or an asset lock within their governing documents.
How to apply
Detailed guidance on eligibility criteria is available on the UK Government website. There is a two-stage application process. Stage one involves submitting an Expression of Interest where you will receive a quick outcome on your proposals before submitting a full application.
When to apply
There will be three bidding rounds in 2022. The first will be open from 10 June to 12:00 on 19 August 2022.
You must submit an Expression of Interest before a full application can be made, however, you can submit an EOI form at any time.
See the UK Government website for full details on criteria and eligibility.