Helping you to deliver a local service or save a local building to benefit the community
Are you thinking of running a local service or taking over the management of a local building or land of community value? We have access to a range of grants to help you with the process of taking over a service or an asset.
What is Community Asset Transfer?
Local authorities are empowered to transfer the ownership of land and buildings to communities for less than their market value. This is known as ‘discounted asset transfer’ or ‘asset transfer’. This shift in ownership of land and buildings from public bodies to communities is Localism in action, giving greater powers to:
- community and voluntary sector organisations
- community and social enterprises
- individuals looking to form a not-for-private-profit group to benefit their neighbourhood
Community asset transfer can help deliver a variety of benefits but, in short, it is a key way in which local authorities can support the development of a strong and vibrant civil society through improvements to an organisation’s sustainability.
Grants available through the SIB
You can apply for these grants at any point during the year.
Capital grants are only available till 26 June 2014.
Pre-feasibility grants: Up to £10,000 to help you through the early stages.
Deadline midday Friday 31 October 2014.
Feasibility grants: Up to £100,000 to help you prepare to take over the asset or service.
Deadline was Tuesday 30 September 2014.
Capital grants: Grants between £100,000 and £500,000 to buy or refurbish a community asset.
Deadline was Thursday 26 June 2014.
These grants are no longer available.
Still have questions? We can give advice to support you on the journey from identifying an asset, building a business case to getting help from property professionals. Capital grants are also available for the purchase of assets. To find out more about raising finance for your enterprise, contact us on 0121 212 6580 or email firstname.lastname@example.org.