£2 million Community Land Trust Fund Launched

Mark mark at tlio.org.uk
Sat Oct 11 11:30:55 BST 2008

Thanks to Josef Davies-Coates for alerting us to this
(Josef is part of http://uniteddiversity.com - strapline: "Together We
Have Everything").

Ref: http://www.tudortrust.org.uk/TheCLTFund/tabid/82/Default.aspx

Tudor Trust > The CLT Fund

It is often difficult for people to find a suitable and affordable home 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. Land is acquired by
community groups (usually below its market rate) through public
investment, planning gain or philanthropic or charitable gifts and is held
in perpetuity by the local community. The value of the land (plus
subsidies and other equity benefits) is permanently locked in, on behalf
of the local community and future occupiers, by the CLT.

It has become clear that CLTs across the UK are encountering two barriers
that prevent their ideas from becoming reality:

    * a lack of technical support in preparing development and business plans
    * a lack of access to risk capital

The Esmée Fairbairn Foundation and the Tudor Trust are the first
contributors to the Community Land Trust Fund, initially standing at £2
million, which is intended to support the development of around 30
operational Community Land Trusts, and the construction of around 150
affordable homes, over the next four years.

Reflecting the different stages of establishing and developing a Community
Land Trust, the overarching Community Land Trust Fund has been split into
three separate funds:

The Feasibility Fund – to provide community groups or fledgling CLTs with
one day of consultancy support and guidance around establishing their CLT.

The Technical Assistance Fund - to provide grants of up to £2,500 to CLTs
or emerging CLTs to employ a consultant or consultants for up to five days
in order to develop their initial ideas into a comprehensive business

The Investment Fund - to provide secured and unsecured loans to eligible

Download the Community Land Trust Fund leaflet for more detail on the CLT
model and detailed guidance on the operation of the three different funds,

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