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Community Ownership Fund

Asked by Kevin HollinrakeConservativeMinistry of Housing, Communities and Local GovernmentTabled Answered 21 January 2025UIN 23353

The question

To ask the Secretary of State for Housing, Communities and Local Government, with reference to the Written Statement of 6 January 2025, HCWS353, on Community Ownership Fund Round 4, how will the funds previously allocated to the Fund be utilised elsewhere.

Answered by Alex Norris

The Community Ownership Fund has awarded a total of over £135 million to 409 projects across the United Kingdom. A further £8.5 million has been used to provide pre and post application support to projects via our development support provider, to allocate small revenue grants to projects ahead of applying to support them to procure professional services, to fund the evaluation of the effectiveness of the fund and on other administrative costs.

The £6.5 million in unallocated funding and any funding returned by projects that have had to withdraw will be used to fund other key government priorities.

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