Urras Sgìre Oighreachd Bharabhais Community Company (USOBCC) has secured funding of £715,000 to purchase selected Barvas Estate assets plus paying for mapping and legal costs.
Sufficient funding has also been secured to help meet the costs of setting up an Estate office and the salaries of two posts for the first two years.
The main funders are the Big Lottery Fund, Highlands and Islands Enterprise and Comhairle nan Eilean Siar.
It is expected that agreement over the ‘Heads of Terms’ between the Barvas Estate and the Urras will be reached by the end of September 2015.
Chairperson David Macmillan, speaking on behalf of the Board of Directors, said: “We would like to thank the community for their continued support and patience as we attempt to finalise the buyout of the Barvas Estate.
“We would also like to thank our main funders who have provided us with great support.
“Purchase of the land and related assets, on behalf of the community, will enable us to begin implementing our business plan and over the next few months we expect to appoint a Commercial Manager and Estate Administrator to assist the Urras’ work - these posts will be advertised locally.
“This is a very exciting time for the community and although there is still much work to be done, we are delighted with the progress being made thus far.”