Charities and community/voluntary groups can apply for grants from a new government programme to take over local assets such as pubs, theatres and parks.
The first round of the government’s Community Ownership Fund (COF) will close on Friday 13 August (2021). It will distribute £150 million over the next four years.
Charities can bid for grants of up to £50,000 in revenue funding, and the government will match fund up to £250,000 in capital costs.
The funding will be used to support the purchase and/or renovation cost of community assets and amenities however, 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.
The fund is one part of the government’s levelling up strategy, which aims to target funding at parts of the UK previously overlooked for investment.
The Fund will run until 2024/25 and there will be at least eight bidding rounds in total.
For more information and to apply, vist the government's website.