Anne-Helene

Anne-Helene Sinha

Investment Manager

Charities Aid Foundation

BLENDED FINANCE AVAILABLE FOR CLTS

CAF Venturesome and Power to Change launch a pioneering offer

1 March 2019

CAF Venturesome and Power to Change, the National Lottery Community Fund-backed organisation supporting community businesses to create better places across England, are launching a pioneering offer for Community Land Trusts (CLTs), with the purpose of funding community land trust schemes at the pre-planning stage. This new partnership will see an additional £240K invested into the community land trust sector this year. 

The blended finance will offer grants of up to 50% of the total social investment from CAF Venturesome’s CLT Fund for pre-development loans.

Smiling woman making a smoothie in a blender

As highlighted in our recent publication ‘Helping Communities Build’, there is a clear need for grant funding at the pre-planning stage of a community housing project. The risks that surround pre-planning make it challenging for both funders and schemes to bridge this need through repayable finance alone, leading to a need for grant funding to subsidise the risk and costs of pre-planning.

We hope that by offering this grant funding, alongside the loan, CLTs will be able to afford to commission much needed professional support and/or recruit paid staff to speed up the process of securing planning permission.

We are offering this programme to Community Land Trusts schemes across England, but outside of London. CLTs will need to provide evidence that the community will own, manage or steward the scheme and future homes. Priority will be given to projects that support communities facing the most challenging circumstances. 


Notes:

  • Grants are made alongside new loans from the Community Land Trust Fund managed by CAF Venturesome.
  • The grant will make up between 20% and 50% of the total initial ask for a pre-development loan.
  • A minimum interest fee on the loan portion will be agreed with the CLT.
  • A prior application to the Power to Change ‘’Homes in Community Hands’’ fund doesn’t preclude you from applying to this blended finance offer.



To find out more about the programme and to apply for blended finance for your pre-development loan contact me.

Anne-Helene Sinha
Investment Manager for the CLT Fund
03000 123 300