Sport England - Community Asset Fund, no deadlines 6 February 2017 Sport England's new Community Asset Fund is open for applications. The funder's aims are to: Improve and protect existing sports facilities that support the needs of local communities. Invest in new and different places that meet the needs of local communities, which include Sport England's target audiences. Ensure capital investment reaches organisations that have not been funded by Sport England before. Create a more resilient, sustainable, less grant dependent sport sector.