Community Asset Fund

Terms and Conditions

  • Applications can be submitted at any time whilst the fund is open, provided all requested supporting evidence has been supplied.
     
  • Grants are available for up to 50% of the total cost of a project, with contributions from £2,000 up to a maximum of £25,000.  
     
  • If the applicant is a Parish or Town Council the VAT element of a project, will be excluded from any grant support.  
     
  • Consideration of an award will take into account all other accessible funding streams (eg S106).  
     
  • Applications for a phased project will be considered. Details of the entire project will need to be provided in the initial application.  
     
  • If an application cannot meet all evaluation criteria sufficiently to justify a grant of the full amount requested, consideration may be made to part fund a project.  
     
  • Work cannot proceed until you have received formal notification of the grant.  
     
  • Payment of the grant will be upon production of invoices or receipts. These must be addressed to the applicant organisation and dated after the date of approval.  
     
  • Payments will only ever be made to the applicant and never the supplier.  
     
  • Payments will be for 50% of each invoice, until the full award has been paid.  
     
  • Any grant will remain available for a period of two years from the date of approval. Extensions to this period will only be granted by the Head of Community and Leisure in exceptional circumstances upon written application by the applicant organisation.