Wales Co-operative Centre
Funding at a glance
Amount: £40,000 grant in 2014 and £130,000 grant in 2016
Funding to the Wales Co-operative Centre to increase the number of housing co-operatives providing affordable homes in Wales.
The first grant, awarded in 2014, supported 15 co-operative groups as they became established. The work had a direct input in the creation of 26 new affordable homes and played a supporting role in the creation of a further 57.
A continuation of funding from 2016 is providing specialist consultant support to create business cases and develop financial modelling for 40 pioneer co-operative housing projects, with an aim to create 100 affordable homes. The project supports emerging co-operative groups to develop from concept to construction. Without this support, groups would not have the technical expertise to achieve their goal.
Co-operative housing is community-led, whereby residents democratically control and manage their homes. The Wales Co-operative Centre has identified appetite for more co-operative housing in Wales.
Wales Co-operative Centre has also received funding from the Welsh Government for this work.Back to projects we funded 2013-16