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 Round 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. We intend to run 3 bidding windows each year for applicants to submit a full application to the Fund.
Since its first round, the Community Ownership Fund launched an updated prospectus on 27 May 2022. Having learned lessons from the review of the first bidding round, for future rounds there have been some changes to the eligibility requirements and application process for the fund. These changes are explained in the updated Community Ownership Fund prospectus.
The second bidding window of Round 2 willclosed beon open from 31 October and close 14 December at2022. 11:59am. If you applyapplied in this window, we aim to inform you of the outcome of your application in spring 2023.
Last updated
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Change to eligible funding requirement.
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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
2024-03-23 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.