Community Ownership Fund: prospectus

ThisThe governmentCommunity wasOwnership electedFund onis anow manifestoclosed. thatThere stressedwill itsbe commitmentno tofurther application windows on the communities’COF sectorprogramme. andWe communityhave ownershiptaken throughthis empoweringdifficult communitiesdecision due to ownthe andchallenging runinheritance thoseleft localby assetsthe whichprevious meangovernment.

Whilst we are closing the mostCommunity Ownership Fund, this government remains committed to them.the  communities’ sector and community empowerment.

CommunitiesThe government will rightlydeliver beon seekingits claritymanifesto oncommitment previousto fundingreplace commitments.the Thecommunity Chancellor’s‘Right July ‘Publicto Spending:Bid’ Inheritance’with speech seta outstrengthened the‘Right pathto Buy’ Assets of Community Value, creating a more robust pathway to confirmingcommunity plansasset forownership. thisAnd yearwe andwill nextseek atto thesupport forthcominghigh Budgetstreets onby 30strengthening OctoberBusiness 2024.Improvement FutureDistricts planswhich forhave helped to improve town and city centres across the nextUnited SpendingKingdom Reviewfor period20 willyears, concludewhile inensuring springthey 2025.   operate to high standards and are accountable to their communities.

We understandhave thatalso thisimplemented maynew High Street Rental Auction regulations, providing local communities and businesses with a right to rent premises that have causedlong uncertaintysat aboutvacant, Roundcasting 4a ofcloud over the Communitylocal Ownershiparea. Fund. The governmentpower recogniseswill thishelp isto challengingprovide new shops and willcommunity seekspaces, supporting businesses and communities to provideaccess claritythe whereverhigh itstreet and create vibrant, bustling spaces they can inbe dueproud course. of.

DuringWe thisencourage timeany officialscommunity remaingroups availableseeking forfunding conversations and to discusspreserve anycommunity issuesassets, impactingincluding deliverythose thatwho may arise.have Officialssubmitted willan keepExpression projectsof informedInterest on(EOI) anybut programmedid updates.  

Supportnot alsosubmit remainsa availablefull throughapplication, to continue to use the Communityguidance Ownershipand Fund’stools available through our development support provider viaon the the MyMyCommunity Communitysite. website.

The CommunityDevolution OwnershipWhite FundPaper, launchedwhich anwas updatedpublished prospectuson for16 RoundDecember 42024, onset 11out Marchplans 2024.

Developmentwhich supportdemonstrate isour nowcommitment available to applicantscommunities viaand thethere Mywill Communitybe website.

Ourfurther developmentannouncements supportrelating providerto offerscommunities initialin supportthe andnew adviceyear, toincluding allon interestedthe applicantscommunity upownership toof theassets.