Community asset transfer fund established

Welsh Assembly and Big Lottery Fund pledge money to help charities acquire public buildings

The Welsh Assembly and the Big Lottery Fund have set up a £13m fund to help Welsh community groups acquire public buildings and develop them to suit their needs.

"There are many public assets in Wales that are not being used to their full potential, and empowering the community to use these buildings to suit their needs is the main aim of this initiative," said Leighton Andrews, deputy minister for regeneration. "This is a win-win situation."

He said the programme would regenerate disused buildings and provide new facilities for third sector organisations.

Funding to acquire the buildings will come from the Welsh Assembly Government, and the money to develop them will come from the BLF, which will also process the applications. Organisations will be able to apply for cash from mid-October.

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