Government Launches New £150m Community Ownership Fund

A new fund has been launched to help communities across the UK to take ownership and manage their most treasured local community assets. Whether it’s the pub on the high street that’s facing closure, a village shop or a local sports team that might lose its ground, this is an opportunity for groups to take them over and to run them as businesses by the community for the community. Funding can be used to support purchase or for renovation. The Fund will run until 2024/25 and there will be at least 8 bidding rounds in total.

Pulse can support VCFSEs looking to make an application to the fund, for example consultancy support to help develop a business plan, demonstrate financial sustainability, or to secure social investment match funding.

The first bidding round opened on 15 July and will close on Friday 13 August. The second round will open in December 2021. To find out more and read the fund prospectus please click here.

To discuss how the Pulse team can assist please contact us: