21/05/2026

Belfast City Council Launches £1.5m Fund for Community Asset Transformation

A newly launched £1.5 million fund is now accepting applications from organisations across Belfast looking to invest in transforming community spaces and places.

Administered by Belfast City Council, the Local Community Ownership Fund (LCOF) intends to help local groups purchase community assets or breathe new life into existing derelict sites for sustainable, viable community use, thereby driving local investment and boosting economic outcomes.

Councillor Natasha Brennan, Chair of the council's Strategic Policy and Resources Committee, said: "This £1.5 million fund represents a major investment in our local communities, transforming places for maximum community benefit.
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"The fund aims to strengthen local community ownership of assets and prevent the risk of loss of such assets in our neighbourhoods. We want to support projects that safeguard valuable community assets, create new facilities and spaces for community groups, and invest in schemes which improve perceptions of neighbourhoods and deliver positive economic outcomes.

"Whether it's saving a valued building, creating new community space, or investing in projects that boost local pride and economic activity, this fund will help turn community ideas into reality.

"Help is available to organisations throughout the application process. Information is available on our website explaining our objectives, the application and assessment process, and how the scheme will work. Our officers are also available to answer queries and offer support at all stages, so I would urge groups to find out more, come up with project proposals and apply."

Organisations wishing to apply must submit their Expression of Interest by the deadline of 12pm on Wednesday 17 June.

Further details regarding eligibility criteria, funding deadlines, and general information about the Local Community Ownership Fund (LCOF) can be found at www.belfastcity.gov.uk/lcof.

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