Funding news

Big Lottery Fund to manage £30m Community Assets Fund - Wednesday 4 April 2007

Ed Miliband, Minister for the Third Sector, today announced that the Big Lottery Fund (BIG) will manage a new £30m programme to enable community–led third sector organisations to own and run under–used public buildings.

The new Community Assets Fund (CAF) – set up by the Office of the Third Sector (OTS) in the Cabinet Office – will offer grants for refurbishment of local authority buildings, ensuring they are appropriate for community use and for transfer to third sector ownership or management. The CAF will provide valuable new facilities for communities and respond to the third sector's desire to make best use of local assets.

BIG will bring valuable experience of working with local government and community level organisations, and a strong track record on investing large sums of money. They will also involve other partner organisations, such as the Adventure Capital Fund, to make the most of their specialist expertise.

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