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.
Please note due to high levels of interest we are now only able to accept applications from West Wales and the Valleys.
Decision making process
The information relating to the application will be collated and presented to the panel who will decide which projects to fund.
If you have any queries, do not hesitate to contact a member of the team on 0300 111 0124.
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 increases.
What’s the application process?
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 Generations Act.
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’s 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 award.
Applying for CADF
The Community Asset Development Fund is currently open to applications from West Wales and the Valleys only. Please contact Social Investment Cymru to discuss your investment idea.
Telephone: 0300 111 0124
Organisations that wish to submit an EQ will need to register on MAP.