Aberdeenshire Council

Aberdeenshire Community Asset Fund

This fund reopened in August for 2010/11 funding

The Aberdeenshire Community Asset Fund has been drawn up to enable community organisations, large and small, to look at developing an asset or service that will give the organisation an ongoing income. The Fund is financed by Aberdeenshire Council and Scottish Enterprise.

What is the funding for?
The fund can be used for; feasibility studies, consultants’ reports, business plans, purchase of plant and equipment and/or assets for the start of the venture. Pre-identified hours of in-house working can also be covered by the fund, but applicants will be expected to have other funding sources. In-kind support will be restricted to 20% of any project.

How much money is available?
Maximum award will be £10,000 and the minimum will be £500.The fund will have to be matched by at least 50% of funding from other sources.

Who can apply?
Eligible applicants are social enterprises and community organisations that can demonstrate an enterprise proposal that will contribute towards the development of an asset and/or service to generate on-going revenue for the organisation.The fund is likely to be over-subscribed so those projects which are well articulated with supporting evidence, have good leverage of other funding and demonstrates community economic benefit will probably score higher.
Any projects which have commenced or committed expenditure will unfortunately be ineligible since any retrospective funding is
not allowable.

When to apply
At any time. Application forms available from Reid Hutchison, details below, to whom initial enquiries to discuss your project should be made.

How to apply
Reid Hutchison
CED Co-ordinator
Economic Development, Transportation & Infrastructure, 29 Bridge Street, Ellon
Tel: 01358 726411
Fax: 01358 726410

Email: ced@aberdeenshire.gov.uk

Key words: community asset, social enterprise, feasibility study.