From summer 2021 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 through the UK Community Ownership Fund. Bids will be accepted from all communities across the UK. In most circumstances, bids should be made from community and voluntary organisations with formal governance in place, such as a Community Trust. Projects should be focused on place-based assets or amenities, which are important to the local community, build connections between people and foster a sense of pride in the local area – but are at risk of being lost without community intervention. There will be an emphasis on ensuring the asset or amenity can be sustainable in community ownership.
Opening June 2021