Community Assets Karen Fitzsimmons, Funding Manager Stephen Smith, Capital Adviser

Community Assets Aims ‘to empower people to create strong, resilient communities by helping them to acquire, manage and develop assets’ People led, strengths based and connected Prioritises disadvantage and inequality

Community Assets Grants up to £1m to acquire and/or develop asset Capital and revenue funding 5 years funding Development funding available Support from capital team and mentors Support from Social Investment Business (SIB)

Community Assets - process Enquiry Telephone call 0300 123 7110 or email advicescotland@biglotteryfund.org.uk Visit from FO and Capital Adviser To discuss proposal with main contact/key board members. Not an assessment Will provide advice on whether to submit application or not Development funding and capital mentor support

Community Assets - process Development Phase Development funding To help applicants meet requirements for main submission. Short application form/quick turnaround Usually mainly technical costs Capital mentor support Capital Adviser will identify which organisations to refer for this

Community Assets - process Application Strategic plan information on organisation, proposed use of asset and high level financial information Capital checklist information up to RIBA stage 2 including general viability assessment of costs, quality, timescales, statutory consents and procurement

Community Assets - process Decision Turnaround time is 4 months If approved, two terms and conditions to meet – complete tender process and business plan Timescales will be agreed with applicant, depending on stage of development Start

Community Assets - progress to date Launched July 2016 Over 600 enquiries received to date c £26m worth of projects currently in pipeline Competition is strong and not all applications are expected to be funded 4 grant offers made to date Average grant size c£612k

Community Assets - progress to date Initial peak of enquiries has now steadied Projects visited so far are at various stages of development – from early ‘ideas’ stage through to more technically developed. Capital mentors appointments well received Early engagement before awards working better for capital team and applicants

Questions?