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£9 million to take control of your assets

May 10, 2016

CATprogpagepic newWe’ve launched a new round of funding for our £9 million Community Asset Transfer 2 programme (CAT2) that is creating more sustainable communities in Wales by supporting asset transfer.

Hundreds of people are expected to attended events around Wales this week for the launch of the latest funding. It aims to provide both capital and revenue funding to support the transfer of assets, such as land and buildings to community ownership. The assets can be transferred from individuals, the public or private sector.

Projects can apply for grants between £300,000 and £1,150,000 with money being used to help community groups to regenerate and reinvigorate the assets and develop manage and sustain them to improve their livelihoods and neighbourhoods. Through this programme, groups will be encouraged to use the asset to generate multiple income streams and provide quality services and amenities.

The CAT2 programme follows the success of the first Community Asset Transfer (CAT) programme which was launched in 2010. Through further consultation, The Fund discovered a continued need for this kind of programme for communities in Wales.

You can read a success story from the previous programme here.

The programme is now open for applications in English or Welsh. You can read further information about the CAT2 programme and how you can apply for funding here or call 029 2067 8200, textphone 0845 602 1659 or email cat@biglotteryfund.org.uk

 

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