We are delighted that the The Budget reflects our calls to boost community power and social infrastructure in the following announcements:
Levelling Up Fund (£4.8 billion)
“invest in infrastructure that improves everyday life across the UK, including town centre and high street regeneration, local transport projects, and cultural and heritage assets”
UK Community Renewal Fund (£220 million)
“support communities across the UK in 2021-22 to pilot programmes and new approaches as the government moves away from the EU Structural Funds model and towards the UK Shared Prosperity Fund”
Community Ownership Funds (£150 million)
“to help ensure that communities across the UK can continue to benefit from the local facilities and amenities that are most important to them”
Social Investment Tax Relief (SITR) extension
“continue to support social enterprises in the UK that are seeking growth investment by extending the operation of SITR to April 2023”