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 future" 

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: sic@wcva.org.uk   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.

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