The document discusses the Community Asset Transfer Programme (CAT) in Wales. The CAT2 fund provides £9 million over two funding rounds to support transferring public, private and other sector assets to third sector organizations. The goals are to create sustainable communities, improve services, involve communities, and consider environmental, social and economic impacts. Eligible assets include buildings, land, and projects with multiple income streams. The application is a two-stage process with development grants and capital awards between £250,000-£800,000. The second round of applications was open until July 2017 with decisions by January 2018.