The £150 million Community Ownership Fund is for communities across the United Kingdom. It has been set up to help communities take ownership of assets and amenities at risk of closure. It will run for 4 years.
The first bidding round opens on 15 July 2021.
Funding may support the purchase and/or renovation costs of community assets and amenities.
The fund will support a range of community ownership proposals. Projects may include (but are not limited to):
- sporting and leisure facilities
- cinemas and theatres
- music venues
- post office buildings
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 Government has published a prospectus that sets out information on the:
- funding available
- how to apply
- assessment criteria