Capital grants available for community asset ownership

The Social Investment Business (SIB) Group has announced that capital grants between £100,000 and £500,000 are available to organisations ready to take the next step in acquiring a local asset. Organisations with innovative and ambitious plans for community asset ownership will be able to apply for these grants till 30 August 2013.

The capital grants programme has a series of streams including an equity-matching stream which seeks to match-fund monies raised by communities through share offers. Other themes include a fund to support communities with competitive bidding for land and building under the Right to Bid, and green refurbishment of assets.

The funding forms part of the wider Community Rights initiative which supports communities taking ownership of key assets and services through a number new powers introduced through the Localism Act. Alongside the capital grants programme, the Community Rights programme offers other funding opportunities for communities, including pre-feasibility grants of up to £10,000 and feasibility grants of up to £100,000.

More information and how to apply for the capital grants programme can be found here