It provides financial help towards the cost of purchasing an asset while the services grants are available towards the cost of running services. Examples of previous "asset transfers" from local authorities to community ownership include an old primary school in Leeds that was turned into an arts and enterprise centre.
How much is available?
There is a total £4.75m of assets grants available in 2013/14. The minimum grant available is £100,000 and the maximum is £500,000. All grants must be spent within the financial year. For those applying for community services grants, the size of investment that is applied for depends on the value of the contract a group is seeking to take over. Pre-feasibility grants of up to £10,000 to help you through the early stages of an application, and feasibility grants of up to £100,000 to help preparations to take over an asset or service are also available.
What will it fund?
Community assets grants fund community interest groups including organisations established for charitable, benevolent or philanthropic purposes and parish councils. Community services grants are available to voluntary or community bodies, groups of persons or a trust established for charitable purposes, parish councils, or two or more employees of a relevant authority.
When is the deadline?
The deadline for applications for asset grants is 30 August. Services grants can be applied for throughout the year.
Find out more www.sibgroup.org.uk
Register Now to Continue Reading
Thank you for visiting Children & Young People Now and making use of our archive of more than 60,000 expert features, topics hubs, case studies and policy updates. Why not register today and enjoy the following great benefits:
What's Included
-
Free access to 4 subscriber-only articles per month
-
Email newsletter providing advice and guidance across the sector
Already have an account? Sign in here
