Policy paper

Community Ownership Fund

The £150 million Community Ownership Fund will help community groups buy or take over local community assets at risk of being lost.

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The UK government has launched a new £150 million Community Ownership Fund to help ensure that communities across England, Scotland, Wales and Northern Ireland can support and continue benefiting from the local facilities, community assets and amenities most important to them.

Community groups will be able to bid for up to £250,000 matched-funding to help them buy or take over local community assets at risk of being lost, to run as community-owned businesses.

The first bidding round for the Community Ownership Fund will open by June 2021. A full bidding prospectus will be published alongside this.

Published 3 March 2021