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Funding Type 2

Big Society Capital: £15 million Community-Led Housing Facility

Big Society Capital has launched a £15m investment facility to fund large-scale community-led housing projects.

The Community-led Housing Facility will support the growth of community-led housing by investing alongside other social investors into projects across the UK and will be able to provide cohousing groups with access to sufficient development finance on appropriate terms. For more information please visit:
 

HCA Home Building Fund

The £3 billion Home Building Fund is a flexible source of funding administered by the Homes and Communities Agency (HCA) on behalf of government and is available to community builders.

The Fund provides:

Development Finance

Loan funding to meet the development costs of building homes for sale or rent.

Infrastructure Finance

Loan funding for site preparation and the infrastructure needed to enable housing to progress and to prepare land for development.

Loans can be tailored to your individual circumstances.

Community Assets Fund, Scotland

A new multi-million pound fund which will allow Scottish communities to buy, manage or develop buildings or land has been launched.  This will provide up to £45 million of Big Lottery Fund cash between now and 2020.  Groups can apply for grants from £10,000 to £1m, and will also get professional technical help from Community Asset Mentors.  Click here to find out more.

Capital Funding

There are different sources of capital finance; personal equity, loan finance, grant, bond finance, digital crowd fundraising and community share capital. Until recently personal equity, loan and grant finance have been the main sources of capital finance that cohousing projects have accessed. There is growing awareness of alternative sources of finance and a small handful of community housing projects have raised finance from alternative sources such as crowd source funding.