The £150 million Community Ownership Fund is for communities across the United Kingdom. It has been set up to help communities take ownership of assets at risk of closure. It will run for 4 years until 2024/25.

You will be able to submit an EOI form at any time.

The full application will be submitted during fixed windows each year.

Key dates for the full application bidding windows in 2022/23 are as follows:
Bidding Window 1 – Closes 12noon on 19th August 2022
There will be two more bidding windows before March 2023. Exact dates will be announced in due course

You will be informed of the outcome of your application around 2 months after the closing date of the bidding window you applied in.

Capital or Revenue or Both?
Capital funding is used to purchase or lease an asset and pay for refurbishment costs. Up to £250,000 match funded capital will be available for all eligible asset types. In exceptional cases, bidders will be able to make the case for up to £1 million match funding to help establish a community-owned sports club or help buy a sports club/asset at risk of being lost without community intervention.

Revenue funding is used to fund the running costs of the project. This might include legal fees, general costs including utilities, staffing costs, or costs associated with appointing external consultants such as architects or other specialist support. Revenue funding does not need to be matched.

Full information here: Community Ownership Fund
Community Ownership Fund