Capital Leverage Fund – United Kingdom

Deadline: 6-Jan-23

The Dorset Council is now inviting applications for its Capital Leverage Fund to support community and cultural organisations to deliver capital projects which provide new and improved facilities for the communities and residents.

The fund also helps organisations secure additional investment from funders outside of their organisation.

Priorities

Projects need to meet at least one of the Dorset Council priorities and the Cultural Strategy priorities. Dorset Council’s four Cultural priorities are:
Community
Cultural County
Environment
Economy

Funding Inforamtion

You can apply for a capital grant of between £1,000 and £25,000, to fund up to 20% of your total project costs.
If you plan to use the funding for feasibility studies or first stage conceptual development, they can fund up to 20% of your total project costs up to a maximum value of £15,000.
If you plan to use some of your grant to cover project management costs, you can request up to 10% of your total grant to go towards these costs, up to a maximum value of £2,500.

Projects they fund?

They can fund capital projects including:
- village hall or community building enhancements, renovations, maintenance, or new build projects, including car parks, play areas, MUGAS, pitches, and landscaping
- capital projects that address disadvantage or equal access for communities
- capital projects that may contribute to an improved environmental impact or address climate change themes
- outdoor play areas including multi-use games areas (MUGAs)
- new public art
- landscaping for improving accessibility and improving inclusivity
- project management costs
- feasibility studies or first stage conceptual development (e.g. Heritage Lottery Fund form passed)

Eligibility Criteria

‘Not for profit’ community organisations in the Dorset Council area, with an annual turnover of less than £1million can apply.
- This includes:
  - accredited museums
  - arts organisations
  - Charitable Incorporated Organisations (CIO’s)
  - community buildings that are owned by Dorset Council and leased to a Voluntary Community Organisation (not within any repairing agreement with Dorset Council), subject to permission from them and can demonstrate 10 year security of tenure
  - community centres and village halls
  - Community Interest Companies (CIC). They will only fund CIC’s with a minimum of 3 directors, two of whom must be unrelated. They need to see a clear ‘Asset Lock’ Statement and Memorandums and Articles of Association.
  - community sports facilities
  - Company Ltd by Guarantee (not for profit)
  - constituted organisations
  - heritage organisations
  - non-profit making organisations operated with no undue restriction on membership e.g. charities
  - partnerships of organisations with a written partnership agreement (town councils can be part of a partnership project)
  - Registered Community Amateur Sports Club (CASC)
  - town and parish councils
  - Voluntary and Community Sector organisations
  - youth centres and community-run pre-schools