Policy paper
The Community Ownership Fund bidding prospectus provides detailed guidance on the purpose of the fund, eligibility criteria, funding and support assessment criteria and the decision-making process. Please see below for update on Round 2.
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The government is providing £150 million over 4 years to support community groups in England, Scotland, Wales and Northern Ireland to take ownership of assets and amenities at risk of being lost.
Voluntary and community groups can bid for match funding to acquire important assets and run them for the benefit of the local community.
The Fund will run until 2024/25. We intend to run 3 bidding windows each year for applicants to submit a full application to the Fund.   
Since its first round, the Community Ownership Fund launched an updated prospectus on 27 May 2022. Having learned lessons from the review of the first bidding round, for future rounds there have been some changes to the eligibility requirements and application process for the fund. These changes are explained in the updated Community Ownership Fund prospectus.
The second bidding window of Round 2 will be open from 31 October and close 14 December at 11:59am. If you apply in this window, we aim to inform you of the outcome of your application in spring 2023.
Published 15 July 2021
Last updated 15 November 2022 + show all updates
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