The Welsh Government has announced a new loan fund to support not for profit organisations in Wales to bring properties into community ownership.
The loans, administered by Social Investment Cymru, will support local organisations in Wales with purchasing properties that are either:
- For community use
- For use by groups that will benefit the community
The loans of up to £3000,000 are available to charities, social enterprises and Community Interest Companies (CICs). CALF can fund up to 100% of the property value. Small grants are also available at the time of purchase to help organisations develop and implement an action plan to address climate change for the management of their property.
The Community Asset Loan Fund will be open for applications soon. For more information or to express an interest please contact Social Investment Cymru at: email@example.com