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

2. 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

3. 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)

4. Community Assets - process
Enquiry
Telephone call or
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

5. 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

6. 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

7. 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

8. 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

9. 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

10. Questions?