Our Island, Our Future

Windfall Fund

Windfall Logo

Windfall Fund Enquiry Form Download – MICROSOFT WORD FORMAT

Windfall Fund Application Guidelines Download –  MICROSOFT WORD FORMAT

Windfall Fund Logo Download –  JPEG FORMAT

The Windfall Fund is split into the following categories:

  • Community Support Fund – Community Groups, Businesses and Individuals whose projects provide a clear benefit to Tiree are eligible to apply for funding up to £3,000. This fund will be open all year round and there is a standard application process. All applications are judged for eligibility according to set criteria.
  • Community Investment Fund – Community Groups, Businesses and Individuals whose projects provide clear benefit to Tiree are eligible to apply for funding for larger scale, longer term projects, e.g. infrastructure projects. Funding in this category is not capped but will be limited by how much money is available at any given time. A minimum of 50% of available funds is allocated to this category.
  • Business Start-up Grant – This fund is open to anyone on Tiree who is starting a new business. A grant of £500 is available on approval of a business plan.
  • Community Owned Buildings – A sum is allocated each year to support the maintenance of our community buildings on Tiree. Please let us know if your group owns or acquires an asset as you may be eligible.

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The Trust’s Community Open Day on Saturday January 29th 2011 at An Talla  saw the launch of the Tiree Windfall Fund.  TREL was able to make its first transfer of money generated by Tilley, the Tiree Community Turbine, to the Trust at the end of 2010.  Bruce Kemp the Chair of  TREL was delighted to formally hand over a cheque for £10,000 to Tish MacKinnon (chair of the Trust) at the Open Day.  TREL hopes to make further transfers in the next 12 months.  Over the life of the turbine, TREL will transfer all its available net income to the Trust after meeting its operating costs, including Bank repayments and other reserves.  The money is held by the Trust in a ring-fenced bank account at RBS in Scarinish.

The application process, eligibility, how applications will be scrutinised and the selection criteria were explained.  Application forms and guidance notes were made available on the day and can now be collected from the Trust office or downloaded from  the Trust’s website.  The deadline for applications for the first round of awards is 31 March 2011. The Trust Board will meet as soon as possible after the deadline date and aim to make awards by early summer.  For 2011, the amount of each grant awarded will be limited to a maximum of £1,000 so as many groups and people can benefit.  Applications can come from anyone resident and on the electoral roll of Tiree or from groups, organisations and businesses based on Tiree. Further details are in the Windfall Fund Launch Presentation. If you have any queries about the Fund or how to apply please call The Trust office on 220 074.

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