Lottery to manage £30m asset fund
Regeneration & Renewal
Lottery good causes distributor the Big Lottery Fund will manage a new £30 million fund to help community-led organisations to own and run under-used local authority buildings, the Cabinet Office confirmed this week.
As predicted last week by Regeneration & Renewal, control of the new Community Assets Transfer Fund – proposed in last year’s local government white paper – will be handed to the BLF.
The Office of the Third Sector in the Cabinet Office told Regeneration & Renewal that it had decided to award the BLF control of the fund. It said the BLF will involve other partner bodies, such as the Adventure Capital Fund, which lends to community-led enterprises, in the delivery of the fund.
– Publication of the Quirk review of asset transfer, due this month, has been delayed until May.