| Community
Land Trust Fund
It is often difficult
for people to find affordable accommodation in their local
community. Community Land Trusts (CLTs) seek to address this
problem by creating affordable housing and community resources
through the co-operative ownership of land by the local community.
However, it was recognised that 1. a lack of technical support
in preparing development and business plans; and 2. a lack
of access to risk capital make it difficult to establish CLTs
so Esmee Fairbairn Foundation and Tudor Trust supported the
established of the Community Land Trust Fund to provide funding
for this type of support.
What is
the funding for?
There are three funds available :
1. a Feasibility
Fund - will provide community groups or fledgling CLTs with
one day of consultancy support and guidance by an expert from
either Community Land and Finance Ltd (CLF) or another consultant
in the field.
2. a Technical
Assistance Fund - can provide grants of up to £2,500
to CLTs or emerging CLTs so that they can employ a consultant
or consultants for up to five days in order to develop their
initial ideas into a comprehensive business plan that is ‘investment
ready’.
3. an Investment
Fund - can support eligible CLTs providing secured and unsecured
loans. This Fund does not offer grants.The Investment Fund
will only make loans to charitable projects to provide affordable
housing for rent or low-cost home ownership adopting a Community
Land Trust model (as defined in the Housing and Regeneration
Act 2008).
How much
money is available?
No specific amounts
are given other than for the Technical assistance as above.
Who can
apply?
Community groups who are fledgling CLTs, established
Community Land Trusts. For information on how to become a
CLT go to the website.
When to
apply
At any time.
How to
apply
Feasibility Fund: If you know of an experienced consultant
who can helpyou to develop your initial ideas send a copy
of theirC.V. together with a short paragraph explaining why
they are best placed to deliver the scoping day to:CLT Feasibility
Fund c/o Tudor Trust 7 Ladbroke Grove London W11 3BD
Technical Assistance
Fund: Guidance on applying to the TAF is given at
www.tudortrust.org.uk/thecltfund. Please send completed applications
to:CLT Technical Assistance Fundc/o Tudor Trust7 Ladbroke
GroveLondon W11 3BD. Applications by email cannot be accepted.
Investment
Fund:CLTs seeking loan finance should approach the Investment
Fund by telephoning Venturesome on 020 7832 3026 or emailing
General information can be found at:
website: www.communitylandtrust.org.uk
Key words:housing,
community land, feasibility study, consultant's fees, , management
support, sustainable development.
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