The purpose of the Meeting Houses Fund is to provide financial assistance to Meetings for carrying out improvements to their premises including warden's accommodation, for acquiring and developing new premises, as well as supporting substantial repairs to historic meeting houses.
The level of grant available from the Meeting Houses Funds is normally limited to a maximum of 20% of costs (having first deducted from costs any proceeds from property sale) but with an upper limit of £15,000. Assistance with cash flow is also available, in the form of an interest-free loan usually repayable in four or five annual instalments; such a loan is normally restricted such that grant plus loan does not exceed 50% of costs, with an upper limit for grant plus loan of £40,000.
The purpose is not generally to provide funds for routine maintenance, nor generally for 'investment properties' as distinct from those directly providing facilities for the activities of the Meeting and its community use. However, consideration may be given to an application from an Area Meeting beset by unexpected repairs in several meeting houses for which it is responsible, or to cover other circumstances which might include routine maintenance.