Community Ownership Fund

The government is committed to supporting community ownership and empowering local people to take control of valued community assets.

As part of the forthcoming English Devolution Bill, this government will legislate to introduce a new Community Right to Buy. This will enable communities to acquire assets such as empty shops, pubs, and community spaces when they come up for sale, helping to bring them back into community use and tackle the issue of vacant premises on high streets.

In addition, the government has launched the Pride in Place programme, which will invest up to £5 billion over ten years, supporting 244 places across the United Kingdom. Community ownership projects such as youth clubs, libraries, community grocers, cultural venues, and health and wellbeing services will be eligible for support where they align with the needs and ambitions of local communities.

We have also launched the Pride in Place Impact Fund, with £150 million to invest in up to 95 communities, helping to rebuild community pride in local areas. One of the objectives is to support community spaces; creating, extending, improving or refurbishing existing community facilities and enabling community organisations to take control or ownership of underused but valued local assets.