£75m construction funding pot unveiled
Birmingham-based property consultant Wakemans have welcomed the news that voluntary building projects are set to benefit from £75m of funding. Voluntary and community sector organisations are now able to apply for up to £500,000 of funding from the BIG Lottery Fund investment.
The support will enable organisations to progress with capital building projects. Grants between £100,000 and £500,000 are available for projects that have a total value of £750,000 or less.
Adrian Aston, director at construction and property consultants Wakemans, said: “This is extremely welcome news. There are 9,000 halls in the UK which represents the largest network of community owned facilities in the country with a total asset value of over £3bn.
“These facilities are often vital lifeblood of any community, especially in rural areas and capital expenditure to improve or replace these halls has traditionally been very difficult to obtain.”
The BIG Lottery Fund is investing the £75m through its Reaching Communities programme. The money will be available for all types of multi-purpose buildings used by communities including memorial halls, community centres and village halls.
