The Inchture Community Fund was established when money was received from Muir Homes in 2007 to compensate for amenities which although in the original plans for Priory Grange were to no longer be built. £150,000 was the agreed sum for this. Initially the money came to the Inchture Area Community Council who took the decision to invest this money in a high interest account until a suitable plan of action was formed.
The first steps taken were through a public meeting to discuss the various options available for the dispersement of the money. At this meeting it was decided to form a decision making panel and use the services of the Quality of Life Trust, a body of Perth & Kinross Council who have a great deal of experience in this area. Once this decision had been made then a working party of 5 volunteers, including 2 members of the Community Council, met to form an agreement through which the Fund Panel would then operate alongside the Quality of Life Trust.
Again, once this was completed, another public meeting was held on Monday 8th December 2008 to explain the current situation and seek volunteers to sit on the Fund Panel which must consist of no less than 5 members and no more than 9. As stated in the initial agreement members will be on the panel for 1 year with the option of standing for re-election at an AGM. At the first AGM, there were 9 volunteers to sit on the panel and as such no election was necessary on this occasion.
The Fund Panel then met with representatives from the Quality of Life Trust to establish the guidelines and criteria which applications must meet to be eligible for consideration. It must be emphasised that there is no minimum or maximum amount which may be applied for and each application, providing it meets the critera and guidelines, will be viewed by the panel and decisions will be made on the individual merits of each application.