Last week the government confirmed that the CWF will support the rebuilding of social infrastructure in some of England’s most deprived areas
🎉This is a massive achievement and concludes our 7 year campaign:
We are still celebrating last week’s announcement that the CWF will receive total funding of £175 million from dormant assets and @tnlcommunityfund.org.uk 🤝
This is a crucial investment in England’s most disadvantaged neighbourhoods which will provide support for community-led decision making 🧑🤝🧑
Yesterday, the government’s announcement marked a return to the principles originally proposed by the CWFA 🎉
This crucial investment will place resources and decision-making powers directly in the hands of local communities 🤝
Hear more from @maddiejennings.bsky.social:
🎉 A major win for the #CommunityWealthFund campaign!
We are delighted that the government has confirmed the CWF will be targeted at doubly disadvantaged neighbourhoods most in need of civic capacity building.
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We look forward to the government’s forthcoming response to the technical consultation, which will confirm further details on the Fund’s design and delivery (2/3)
ICYMI: Yesterday the government released details of its Dormant Assets Scheme Strategy 🎉
This has confirmed that the CWF will target doubly disadvantaged communities experiencing high levels of deprivation and low social capital (1/3)
Brilliant to see today’s release of the first ever Dormant Assets Scheme Strategy 🎉
We welcome the confirmation from DCMS that the #CommunityWealthFund will target doubly disadvantaged communities experiencing high deprivation and low social capital
www.gov.uk/government/p...
Thank you @adamjogee.bsky.social for advocating for the communities that are most in need 🤝
We look forward to the government's forthcoming Dormant Assets Strategy and hope to see the #CommunityWealthFund targeted towards doubly disadvantaged neighbourhoods
As we await the government's announcement on the design and delivery of the #CommunityWealthFund, check out our latest newsletter which includes a selection of highlights following the campaign’s relaunch in July last year.
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Everything we have learnt from the #CommunityWealthFund campaign tells us that the government can and should turn things around for doubly disadvantaged #neighbourhoods. Visit our campaign timeline to learn more ⬇️
localtrust.org.uk/policy/the-c...
Last week, Alliance members and guests came together at our end of year parliamentary reception
Listen to some of our speakers reflect on the Community Wealth Fund campaign and how the funding could make a difference in the neighbourhoods with greatest need ⬇️
Finally we heard from Barbara Slasor who explained the importance of community-led projects and her involvement in the CWF campaign.
Thank you again to all of our speakers for supporting the campaign and advocating for long-term investment in the places that need it most
(4/4)
Lord Bassam then gave an overview of some key milestones of our campaign and future opportunities for dormant asset funding
(3/4)
We then heard from Samantha Jones, Head of Community Wealth Fund @tnlcomfund.bsky.social who outlined the need to build social capital and civic capacity to support community-led decision making
(2/4)
We heard from some excellent speakers at our parliamentary reception this week
Starting with our host Noah Law MP, who highlighted exactly why we need a #CommunityWealthFund and how the fund could make a difference in doubly disadvantaged neighbourhoods
(1/4)
This was a great opportunity to celebrate the achievements of the campaign and give thanks to members of the Alliance for their ongoing support 🙌
Thank you to everyone who attended our end of year reception 🧑🤝🧑
We were very happy to hear a very important announcement from @tnlcomfund.bsky.social ⬇️
We are looking forward to hosting our end of year parliamentary reception this week, sponsored by Noah Law MP.
The event will be an opportunity to thank our supporters and celebrate the campaign’s progress and achievements to-date! 🎉
For more information contact: roshni.mistry@localtrust.org.uk
📢 The Alliance is calling on the new government to expand the #CommunityWealthFund and return it to the campaign’s original principles, by targeting the doubly disadvantaged communities that need it most. 🧵4/4
The #CommunityWealthFund was legislated for, but not yet finalised, by the previous govt before the general election was called and parliament was dissolved.
This means that key details on the CWF’s design and delivery remain unresolved. 🧵3/4
The proposal for a #CommunityWealthFund aims to improve the prospects of doubly disadvantaged neighbourhoods over the long term.
Look back at some of the campaign’s major milestones from the past 5 years
➡️ localtrust.org.uk/policy/the-c...
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🎉 The Community Wealth Fund Alliance has reached over 8️⃣0️⃣0️⃣ members!
Thank you to all of the organisations from across civil society and the public and private sectors who have supported the campaign to-date 🧵1/4
What is a Community Wealth Fund?
Watch this video, and find out more at communitywealthfund.org.uk
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Programmes such as @localtrust.bsky.social's Big Local prove that trusting local residents to make decisions about their area works, and this should be replicated with the Community Wealth Fund.
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The funding should be long-term, over a 10-15 year period, with a focus on capacity building to build residents’ confidence in project plans and grant applications. Local residents know what their area needs best, and communities need to be trusted with the funding.
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The money would come from the dormant assets fund, and around £1million should go to communities of no more than 10,000 residents. This amount of money is the right amount to get members of the community involved, and can make a lasting difference.
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Communities that are the most deprived on the CNI lack vital social infrastructure and have missed out on funding for decades. These pockets of deprivation are often overlooked when it comes to funding, and cannot bid for funding pots, so continue to miss out.
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What is a community wealth fund?
A Community Wealth Fund should be place-based, long-term, community-led funding for the most deprived communities around England according to the Community Needs Index (CNI).
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