7 Dec 2018
The eligibility stage of the application process for the new Community Asset Development Fund (CADF) is now open on eTenderWales.
CADF supports social businesses that are aiming to bring an
asset into community ownership - either by;
- purchasing the asset
- purchasing and renovating the asset
- renovating an existing asset that is not in full use
- equipping an asset
The type of asset can vary from social/sports clubs, community
halls, community hubs, community pubs etc.
Successful applicants will need to demonstrate how the funded
activity will create a positive shift in social impact as well as a
positive shift in income generation.
Alun Jones, head of Social Investment Cymru, said: "We believe
this to be a very flexible and highly innovative approach to the
funding of assets that will be utilised for the benefit of
communities across Wales. The sharing of the risk as well as the
sharing of the reward is a key part of the Social Investment Cymru
approach, which we hope will lead to the growth of social
businesses and enhance their impact. We are already having some
interesting conversations and look forward to far more in the
Further information regarding CADF can be found on our
information page or for information on the application process
please visit the
CADF application guidance page.
In the first instance applicants should contact Social
Investment Cymru to discuss your investment idea, email: firstname.lastname@example.org
Telephone: 0300 111 0124
CADF is part funded by the European Regional Development Fund
and Welsh Government, and is the next strand of investments
administered by Social Investment Cymru.