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

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, has been named as one of the organisations that will support the Big Lottery Fund in its role.

Third sector minister Ed Miliband launched a 12-week consultation last week on the final criteria for running the fund.
Neil Cleeveley, director of information and policy at Navca, gave the news “a cautious welcome”.

“I would prefer it to be run within the sector but it’s not entirely negative because the lottery has good experience of running such schemes,” he said.

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