Big Lottery Fund to take on £30m Community Assets Fund

By Andy Ricketts, Third Sector Online, 2 April 2007

The Government has appointed the Big Lottery Fund to manage a £30m fund to enable community groups to takeover public assets.

The fund will run the Community Assets Fund, announced by Chancellor Gordon Brown in his pre-Budget report last year. It will allow community groups to take over publicly-owned assets, such as disused community centres, and offer grants for refurbishment. The Adventure Capital Fund, chaired by Acevo chief executive Stephen Bubb,...

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