Policy paper

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 an update on Round 4.



Round 4 is the final round of the Community Ownership Fund.

We have now entered a pre-election period. There will be no further Community Ownership Fund announcements at this time. This includes the outcome of Round 4 Window 1 and the launch of Round 4 Window 2.

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 funding to acquire important assets and run them for the benefit of the local community.

The Community Ownership Fund launched an updated prospectus for Round 4 on 11 March 2024.

Development support is now available to applicants via the My Community website. They will also be providing informative webinars on the following topics which you can register for now:

Our development support provider offers initial support and advice to all interested applicants up to the EOI stage. After the EOI stage, certain applicants will be able to access in-depth support for the development of their application and business case, this may also include access to small revenue grants to secure specialist support.

Published 15 July 2021
Last updated 23 March 2024 + show all updates
  1. Updated to show the opening date of the Round 4 Window 1.

  2. Added new version of the prospectus for Round 4.

  3. Added Welsh translation of the round 3 Community Ownership Fund prospectus

  4. Updated to show the opening date of the next window.

  5. 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.

  6. Update made to sections 7 and 11 to clarify assessment criteria for larger projects and the documents that applicants should upload.

  7. Added Community Ownership Fund prospectus, Round 3.

  8. Updated to reflect the opening of the third bidding window of Round 2.

  9. Change to eligible funding requirement.

  10. Added translation

  11. Added new version of prospectus covering changes to the eligibility requirements and application process.

  12. Details of new round 2 start date and reopening of round 1 added.

  13. Added Welsh translation

  14. First published.