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A £13,960 grant from the Scottish Land Fund has allowed Carradale Community Trust (CCT) to branch out and buy a 4.75 acre wood.
MSP Michael Russell has congratulated CCT after it received a share of the Scottish Government fund to support community ownership.
In total, more than £700,ooo supported communities to buy land and buildings.
The woodland bought from Forest Enterprise Scotland will create a garden waste recycling point for the village and provide access to walks in the area’s other woods.
Mr Russell said: ‘I am delighted CCT has been successful in its application, with the whole community set to benefit from this investment.
‘Community ownership can transform the prospects of an area, giving people a real stake in their future.
‘I hope the success of CCT will encourage others in Argyll and Bute to consider how community ownership could benefit them.’