Community Asset Transfer 2
Enabling communities to have more control and influence over their future development
- Funding size:
- £300,000 - £1,150,000
- Total available:
- £9 million
- Application deadline:
- 12 noon on September 14th 2016
Round 2 of the Community Asset Transfer 2 (CAT2) programme opened on May 10th, 2016. The deadline for stage one applications is September 14, 2016.
The CAT2 programme will provide both capital and revenue funding to support the transfer of assets, such as land and buildings, from individuals, public or private sector organisations to community ownership.
We want to help communities become stronger and more sustainable by assisting them to obtain and develop assets such as land or buildings. We will do this by developing assets transferred from individuals, public or private sector organisations to enterprising organisations that actively involve and benefit the communities they serve. They must work towards improving the services and/or facilities for their community, be able to demonstrate that their proposals are sustainable in the long-term and take into account the environmental, social and economic impacts of their work. Transfers can be either freehold or leasehold, but the transfer must be made at nil cost or at significantly below market value.
The programme is being delivered via a two stage application process. Organisations will be required to complete a stage one application, an early stage capital delivery plan and capital cost spreadsheet by 14 September 2016. Stage one applications can include a request for development funding to support the development of the stage two application.
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The aim of the programme is to create more sustainable communities by supporting asset transfer to enterprising third sector organisations that actively involve and benefit the communities they serve.
We expect projects to:
- work towards improving services and/or facilities for their community
- be able to demonstrate that their proposals include multiple income streams
- will be financially viable and sustainable in the long term
- take into account the environmental, social and economic impacts of their work.
We’ve picked up learning from groups doing community asset transfer projects which could help you in developing your project, available in our research section.
Under this programme we will only make grants to constituted third sector organisations. They will be responsible for the project and must be the organisation to which the asset is transferred.
Applicants can work in partnership with organisations from other sectors. We expect all lead organisations to work in partnership with the transferring organisation or individual.
We’ll accept applications from organisations based anywhere in the UK.
However, the asset to be transferred and the community of benefit must be based in Wales. Organisations should be able to demonstrate that they are aware of the social and policy issues that are relevant to Wales, the local area and the project.
Through the CAT2 programme, we will invest in communities to help them transfer, develop, manage, and sustain assets to improve their livelihoods and neighbourhoods.
Grants will be awarded up to the value of £1,150,000, and must include a combination of both capital and revenue costs. You will also be able to apply for a development grant. Under the CAT2 programme, requests for capital or revenue only grants will not be eligible for funding.