The Big Lottery Fund and the Welsh Assembly Government have launched the third round of the Community Asset Transfer Fund. This fund provides capital and revenue grants to support the transfer of assets from public sector organisations to community ownership.
Through the Fund, a total of £13 million is being invested in communities, to help them transfer, develop, manage, and sustain assets, such as land or buildings, thereby improving neighbourhoods and people's livelihoods. The primary aim is to help communities become stronger and more sustainable.
Grants will be awarded up to the value of £800,000, including a combination of both capital and revenue costs. Revenue grants range from £50,000 to £300,000 and capital grants range from £250,000 to £500,000.
Assets transferred from public sector bodies will be passed to enterprising organisations that actively involve and benefit the communities they serve, e.g. those working towards improving the services and/or facilities. Applications are welcome from cross-sector partnerships comprising at least one third sector organisation and one public sector organisation. The third sector organisation must be the lead applicant.
The deadline for Round three, stage one applications is 3 March 2011.
For more information go to http://www.biglotteryfund.org.uk/
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