Community Ownership Fund: prospectus
The Community Ownership Fund bidding prospectus provides detailed guidance on the purpose of the fund, eligibility criteria, funding and support assessment criteria and the decision-making process. Please see below for update on Roundround 2.
Documents
Details
The government is providing £150 million over 4 years to support community groups in England, Scotland, Wales and Northern Ireland to take ownership of assets and amenities at risk of being lost.
Voluntary and community groups can bid for match funding to acquire important assets and run them for the benefit of the local community.
The Fund will run until 2024/25.2024/25 Weand intendthere towill runbe 3at biddingleast windows8 eachbidding yearrounds forin applicants to submit a full application to the Fund.
total.
SinceThe its first round, the Community Ownership Fund launched anthe updated prospectus on 27 May 2022.2022 Havingwith learned lessons from the review of the first bidding round,window forcommencing future10 roundsJune there2022. We have beenmade some changes to the eligibility requirements and application process for the fund.fund having learnt lessons from the review of the first bidding round. These changes arewill be explained in the updated Community Ownership Fund prospectus.
The secondFurther biddingsupporting windowdocuments ofand Roundthe 2assessment criteria guidance will be openpublished fromsoon 31after Octoberprospectus is launched.
In order to promote the fund and closeto 14explain Decemberto any prospective applicants what is required in order to submit a strong bid, officials at 11:59am.the Department for Levelling Up, Housing and Communities will be hosting webinars on Wednesday 8 June and Thursday 16 June. If you applyare interested in thisattending window,one of these events, please complete the following form expressing your interest so that we aimcan toforward informon an invite. Do not worry if you are unable to attend a webinar, we will also be making a recording of the outcomeevent ofwhich yourcan applicationbe insent springon 2023.request using the same form.
Last updated 15
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Added translation
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Added new version of prospectus covering changes to the eligibility requirements and application process.
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Details of new round 2 start date and reopening of round 1 added.
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Added Welsh translation
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First published.
Update history
2024-12-23 00:01
Update on Community Ownership Fund Round 4.
2024-08-15 09:30
Statement added on the status of Round 4 of the Fund.
2024-03-23 00:01
Updated to show the opening date of the Round 4 Window 1.
2024-03-11 00:01
Added new version of the prospectus for Round 4.
2024-01-15 17:00
Added Welsh translation of the round 3 Community Ownership Fund prospectus
2023-11-27 11:50
Updated to show the opening date of the next window.
2023-07-31 12:00
Prospectus updated to reflect extension of the maximum capital funding available to new applicants from Round 3 Window 2 onwards. Applicants are now able to apply for up to £2 million in capital funding.
2023-05-25 15:57
Update made to sections 7 and 11 to clarify assessment criteria for larger projects and the documents that applicants should upload.
2023-05-12 00:15
Added Community Ownership Fund prospectus, Round 3.
2023-02-15 12:00
Updated to reflect the opening of the third bidding window of Round 2.
2023-01-20 13:44
Change to eligible funding requirement.
2022-11-15 15:48
Added translation
2022-05-27 10:29
Added new version of prospectus covering changes to the eligibility requirements and application process.