Aberdeenshire Council

Aberdeenshire Community Asset Fund

The Aberdeenshire Asset Fund for Communities 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.

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.This fund is not available to fund existing assets, services nor existing organisational expenditure.

How much money is available?

Maximum award will be £10,000 and the minimum will be £500. Only one award will be granted per project.Only one award will be granted to an organisation within any 6-month period. 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 economic enterprise proposal that will contribute towards the development of an asset and/or service to generate on-going additional revenue for the organisation.The proposal must not have a detrimental effect on existing Aberdeenshire businesses.No employee of Aberdeenshire Council can promise assistance, as every case is discretionary.

Each application is judged on its own merit and the Council’s decision is final.

If you require further information contact:
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.