The Community Asset Development Fund (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.
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.
Organisations will be able to apply for up to £150,000 in West
Wales and the Valleys (WWV) and £100,000 in East Wales (EW). Match
funding of at least 40% in WWV and 50% in EW is required. For
example, to access £150,000 of funding in WWV would mean you need
to provide £100,000 of additional match funding.
CADF is 40% grant and 60% repayable assistance. How much you
repay will be dependent on how much the organisation's income
WHAT IS THE
There is a two-stage application process. The first stage is an
"Eligibility Questionnaire" which checks your eligibility and if
successful you move to the second stage which is the Financial
Assistance Application, where the viability of your proposal is
tested. It will also measure how the proposed activity will deliver
against the Wellbeing Goals associated to the Wellbeing of Future
To start your application process, you will need to register on
e-Tender Wales. Prior to that a discussion with the Social
Investment Cymru team is essential.
WHAT IS THE STRUCTURE?
The structure of financial assistance available is:
- 40% traditional grant
- 60% repayable assistance (0% interest, maximum of 10 years of
repayment starting in year 3)
The structure of the fund is 12 years in total, with a 2-year
repayment holiday at the beginning of the project. During these 2
years we expect you to evidence positive shift both in social
impact and income generation.
Of the repayable assistance, your success in increasing income
will determine how much you repay up to a maximum of 60% of the
The Community Asset Development Fund is now open to applications.
Please contact Social Investment Cymru to discuss your investment
idea and look at the information on the
CADF Application process page.
Telephone: 0300 111 0124