FUNDING TO HELP BUY OR TAKE OVER LOCAL COMMUNITY ASSETS

1. Title: FUNDING TO HELP BUY OR TAKE OVER LOCAL COMMUNITY ASSETS2. Awarding Authority: Community Ownership Fund, GB. Web: 3. Contract type: Service contract4. Description: A new £150 million the awarding authority has been launched by the government to help communities support and continue to benefit from the local facilities, community assets and amenities most important to them.From summer 2021 community groups will be able to bid for up to £250,000 matched-funding to help them buy or take over local community assets at risk of being lost, to run as community-owned businesses.In exceptional cases, up to £1 million matched-funding will be available to help establish a community-owned sports club or help buy a sports grounds at risk of being lost without community intervention.The Community Ownership Fund will help ensure that important parts of the social fabric, such as pubs, sports clubs, theatres and post office buildings, can continue to play a central role in towns and villages across the UK.The first bidding round for the Community Ownership Fund will open by June 2021.A full bidding prospectus will be published alongside this, which will be the key?reference document for communities?in developing and submitting bids. This prospectus will set out detailed advice on how to structure a bid, what activity to undertake to support this, what information to include, and the criteria by which bids will be assessed.In?most circumstances, bids should be made?from community and voluntary organisations with formal governance in place, such as a Community Trust.Bids may be?considered?from groups without formal governance, where there is a clear plan to set up community level governance to take over a facility – funding will be conditional on establishing a suitable governance structure.?Local authorities including parish councils will not be eligible to bid. Parish councils may play a role in working with community groups looking to submit a bid.Projects could include community-owned?sports clubs, sporting and leisure facilities, parks and other community facilities.Projects should be focused on place-based assets or amenities, which are important to the local community, build connections between people and foster a sense of pride in the local area – but are at risk of being lost without community intervention. There will be an emphasis on ensuring the asset or amenity can be sustainable in community ownership.Some funding will be available for feasibility studies and capability building, particularly in places with fewer resources, or for initial running costs where it can be shown these will lead to a sustainable community business. Funding will not be made available to pay off a businesses’ debts, nor to buy an indebted business.Recognising the range of costs associated with purchasing assets associated with sports, exceptionally bidders will be able to make the case for up to £1 million match-funding for these types of project.The full prospectus will provide further details on available funding and bidding requirements.5. CPV Code(s): 85300000, 98000000, 85000000, 85320000, 790000006. NUTS code(s): UKI, UKI3, UKI327. Main site or location of works, main place of delivery or main place of performance: London, Inner London – West, Westminster.8. Reference attributed by awarding authority: Not provided.9. Estimated value of requirement: From summer 2021 community groups will be able to bid for up to £250,000 matched-funding to help them buy or take over local community assets at risk of being lost, to run as community-owned businesses.10. As no deadline date has been specified please contact the awarding authority for further information.11. Address to which they must be sent: For further information regarding the above contract notice please visit: 12. Other information: For More information, Please visit the website: TKR-2021414-EX-1594061# funding opportunity