Community Ownership Fund
The Community Ownership Fund is a government initiative designed to support local communities in taking ownership of assets at risk of being lost. For sports clubs, this fund offers an invaluable opportunity to secure financial support to purchase or revitalise facilities and ensure they remain open and accessible to the public. By enabling clubs to take control of their spaces, the fund helps safeguard important community hubs and promotes long-term sustainability.
The fund is particularly beneficial for clubs that are essential to their local area but face challenges due to ownership changes or potential closures. Successful applications can lead to substantial grants that empower clubs to maintain or enhance their facilities, boosting their role within the community.
Implementation Steps
Check Eligibility: Ensure the club meets the criteria for the Community Ownership Fund, such as having a clear plan for community ownership and demonstrating the asset's importance to the local area.
Develop a Business Case: Prepare a detailed business case that outlines how the funding will be used, the project's impact, and plans for long-term sustainability. This should include financial forecasts and potential risks.
Engage the Community: Gather support from local residents, members, and stakeholders to strengthen the application and show widespread community backing.
Submit an Application: Apply for the fund during an open application window, providing all required documentation and adhering to submission guidelines.
Plan for Implementation: If the funding is awarded, establish a clear plan for utilising the grant, including timelines, budget allocation, and community involvement in decision-making.
Club Benefits
Secures Essential Community Assets: Helps sports clubs take ownership of facilities that might otherwise be sold or closed, ensuring they remain available for community use.
Enhances Community Engagement: By involving local residents and stakeholders in the ownership process, clubs can strengthen community bonds and loyalty.
Supports Sustainable Development: Funding can be used for improvements and upgrades, making facilities more appealing and functional for future use.
Reduces Financial Pressure: The fund provides significant financial support to reduce the immediate burden on clubs and enable long-term planning.
Examples of Eligible Projects
Purchasing Club Facilities: Acquiring ownership of a sports hall, clubhouse, or playing field to prevent closure.
Facility Renovations: Using funding to refurbish an existing facility to meet modern standards and community needs.
Community Partnerships: Collaborating with local organisations to expand the range of services or activities available at the club.
The Community Ownership Fund empowers sports clubs to secure their futures by taking control of important facilities and ensuring they remain active, welcoming places for local residents. By understanding the application process and building a compelling case, clubs can access funding that promotes long-term resilience and enriches the community.
