£150m Community Ownership Fund available for voluntary and community groups

11:42, Wednesday, 11th August 2021

Voluntary and community groups in North Lincolnshire can bid for a share of the Government’s £150m Community Ownership Fund to take ownership of assets and amenities.

Voluntary and community groups can bid for match funding of up to 50 per cent of the total capital required to acquire important assets and run them as sustainable community businesses for the benefit of the local community.

The first round for bidding is open and bids should be received by 13 August 2021.

The government will assess bids and final decisions on funding will be made by the Ministry of Housing, Communities and Local Government (MHCLG).

Funding may support the purchase and/or renovation costs of community assets and amenities, subject to the full eligibility criteria outlined in the fund’s prospectus.

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.

For further details on the funding, including eligibility, requirements and how to bid, visit: Community Ownership Fund: prospectus – GOV.UK (www.gov.uk).

The fund forms part of a package of UK wide levelling-up interventions, helping to support recovery, build opportunity and empower communities to improve their local places.

Cllr Neil Poole, cabinet member for commercial, said:

“The Community Ownership Fund is a great opportunity for voluntary and community groups to receive investment from the Government to save community assets that would otherwise be lost.

“The first round is open now for bids, so we would encourage any voluntary and community groups interested in taking ownership of facilities in their community to put a bid in. By doing so they can help strengthen the offer in local communities and shape it for the future.”