UK Government: Community Ownership Fund Round 3

Posted on 9 June 2022 by Christie McAlpine in South Lanarkshire Council

Voluntary and community organisations can bid for match funding to support the purchase and/or renovation costs of community assets and amenities.

The Fund supports projects which fulfil one or a combination of the following aims:

• acquire a physical community asset at risk e.g. land/buildings that deliver a benefit to local people
• renovate, repair or refurbish the asset, only where it is a community asset at risk of closure and where this is critical to saving the asset and making it sustainable for long-term community use
• set up a new community business or buy an existing business in order to save an asset of importance to the community
• the purchase of associated stock, collections or intellectual property, where it is associated with buying a physical asset or buying a business to save an asset
• move a community asset to a new, more appropriate location within the same community. This might be because a different location offers better value to continue the asset, or because the venue is in itself an asset of community value

Eligible Organisations

Charitable incorporated organisation (CIO), Scottish charitable incorporated organisation (SCIO), co-operatives including Community Benefit Societies, community Interest Company (CiC) and not-for-profit company limited by guarantee. 

Funding available

• 50% up to 250k Capital
• 100% up to 50k revenue (no more than 20% of capital)

Full details of the funding opportunity including application and guidance notes can be found at: https://www.gov.uk/government/publications/community-ownership-fund-prospectus/community-ownership-fund-prospectus--2

Submit an EOI form at any time. If successful, full applications can be submitted during fixed windows each year, 22/23 are as follows:

• bidding window 1: closes 12pm on 19 August 2022
• there will be two more bidding windows before March 2023. Dates to be announced.

Questions can be directed to FundingandDevelopment@southlanarkshire.gov.uk