The fund will be used for the refurbishment and redevelopment of community facilities across the borough.
What is the Community Hubs Challenge Fund?
The Community Hubs Challenge Fund is being proposed by the council to make investment funds available for local community groups and community-led social enterprises. The fund will be used for the refurbishment and redevelopment of community facilities across the borough.
This funding will enable the next phase in the growth of the community hubs network in the borough, to provide safe places for residents, community groups, and small and medium sized enterprises from which they can operate and deliver services. Community hubs will provide a home where community growth, community action, volunteering and enterprise will flourish.
The fund proposes to fund projects in two ways:
- the Match Challenge Fund
- the Challenge Fund Purse.
A total of £1,000,000 funding will be available for the financial year 2014/2015. The fund will be open for a maximum of 12 months, using two proposed funding rounds: (1) June 2014 to September 2014 (2) November 2014 to January 2015.
What we are asking you to do
Please read the information booklet provided to get further details about what is being proposed - including how much funding is available through each fund, what they can and can not be used for, and the draft criteria for the assessment of applicants.
We want to work with stakeholders in Lambeth to agree the criteria for the Community Hubs Challenge Fund. We would very much like to hear your comments, views and suggestions.