A separate block of funding has been allocated within the TEP to enable council tenant groups to explore options for tenant-led stock options and for developing the preferred option in partnership with their local authority. Tenant groups engage their own advisers to explore the options and, once an option gets general support from the group and their local authority, to help put that option in place.  Feasibility Study stage funding supports tenant groups in appraising the options and Development stage funding supports tenant groups in implementing the chosen option, so long as the selected option is tenant-led.

The CLG guidance on TLSO, is available below.  It sets out a framework for the process of exploring and implementing these options and provides guidance on how and where TLSO grant will be available for the Feasibility Study stage and the final Development stage.  The application form is available below.