MCLT Funding access given big boost
August 2022
The Midhurst Community Land Trust (MCLT) has been awarded Charitable Status by the Charities Commission England and Wales.
A major benefit to the Trust is that we are now eligible to bid for grant funding from certain funders who only provide grants to charitable organisations.
The need for affordable homes to rent in the area is ever increasing and we have several potential projects under discussion and this grant funding access will make a big difference to their viability.
What will also help is that Charitable status means that the group does not have to pay income tax on any profits it makes, nor does it have to pay Stamp Duty Land Tax.
As the Charities Commission state in our successful application. “Charities have a special place in our society because they are committed to helping others. This creates a level of trust from the public that we must protect.”
For more information about MCLT please go to our website www.midhurstclt.org
