What funding is available
The fund is split into four tranches to support Community Land Trusts at each stage of development;
from feasibility through to construction.
| feasibility study | technical assistance | pre-development | development finance | ||
| Summary | one day of consultancy to help you to scope a project | a small grant to fund initial costs | funding your project prior to planning permission | funding the costs of construction | |
| Who is it for? | Community groups keen to tackle affordable housing needs in their community. | Organisations who meet the legal definition of a CLT and have definite ideas about an affordable housing project but who require both additional expertise and small amounts of cash to progress the project further | Organisations with an outline plan for a housing project but who lack funds for pre-development work such as paying for the planning process, appointing architects, and conducting site surveys. | Organisations with a business plan, designated land with planning permission and fully costed plans for an affordable housing project but who lack commercial funds to finance the building work. | |
| What funding is available? | One day of support from an expert who, if appropriate, will work with you to apply for Technical Assistance support | Up to £2,500 of support to be used on further professional and expert support, setup and initial costs. | Up to £4,500 per unit of housing. To fund the costs of working up a development proposal for submission of a planning application, procuring construction and raising further finance for the project | c£30,000 per unit of housing loaned to you, and secured by at least a second charge over the land and buildings. | |
| More information and how to apply to the Feasibility Fund | More information and how to apply for Technical assistance | More information and how to apply to the Pre-development fund | More information and how to apply for Development finance | ||
