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; and
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 projects such as:
sporting and leisure facilities
cinemas and theatres
post office buildings
cultural or heritage buildings
The Community Ownership Fund will target a minimum of £12.3 million in Scotland.
Who can apply:
The Fund will consider applications from voluntary and community organisations from all parts of the UK who 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 purpose, social purpose or public benefit. Organisations must show this through their charitable purpose and/or an asset lock within their governing documents.
You are required to raise other sources of funding alongside investment from the Community Ownership Fund. Having a range of funders contributing to your project can demonstrate the quality of the project and the support within the community.
The Community Ownership Fund will contribute up to 50% of total capital required. You will need to set out the total project costs, funding already secured and plans to raise any additional funding needed in your full application.
How to apply:
Stage 1 – Submitting an Expression of Interest (EOI) and securing confirmation to proceed with a full application
Before you begin your EOI, please ensure you are familiar with the eligibility requirements set out in this prospectus.
Stage 2 - Submitting a full application
Once you have passed the EOI stage, you will be invited to submit a full application to the Fund by sharing the application link.