Communities will be able to claim £250,000 to rescue their local pubs from closure, and up to £1 million to save sports clubs according to reports this morning
In an interview with the Sun newspaper The Chancellor Rishi Sunak said:
“Pubs and sports clubs are the heart and soul of our local towns and villages – they’re the glue that keeps us together.
“This fund will help to ensure vital local institutions aren’t lost to those who treasure them most.”
Under the plan, communities that want to club together to bid for local assets will get p to £250,000 to buy struggling pubs, sports clubs, post offices, theatres and gig venues which are threatened with closure.
In exceptional circumstances, communities will get up to £1m to buy a sports club or ground.
The money is matched funding – so groups that raise money to buy a local asset can apply to the government to double their cash.