The Community Ownership Fund helps communities across England, Scotland, Wales and Northern Ireland to take ownership of assets at risk. This Fund forms part of the UK Government’s levelling up agenda, building opportunity and targeting support towards places where community assets can make the most difference. This Fund offers a great opportunity for local groups to take over invaluable community assets and to run them as businesses – by the community, for the community.
Round 4 is the final round of the fund. There will be two bidding windows in which applicants will be able to apply. Round 4 Window 1 will open for applications from 25 March 2024 and will close on 10 April 2024. Round 4 Window 2 will open in late May. This means more communities can bid for up to £2 million in capital funding and £50k in revenue, to rescue treasured local institutions. Any applicants who wish to apply to the fund must first submit an Expression of Interest which helps to determine whether or not a prospective application may be suitable for the fund.
The updated Round 4 prospectus can be found . This also signposts to some additional guidance for applicants on how to submit a quality bid and business plan. Links to all other documents relating to the fund, including a link to the Expression of Interest form and the application form assessment criteria guidance can be found .
