Grants are available to help locally based and community-led businesses in England to increase their social impact and make them more viable in the long term.
There will be approximately £3 million for Round 7. It is expected that around 17 community businesses will receive funding.
Grants of between £50,000 and £300,000 are available for:
Building-related capital costs (purchasing, renovating or adapting), applicants can request up to a maximum of 75% of these costs.
Non-building related capital costs (purchasing other equipment and physical assets); applicants can request 100% of these costs.
Project specific revenue costs of running the business, applicants can request up to 75% of the revenue costs associated with the project.
Round 7 is open for applications until 22 May 2019 (12 noon).
Funding is available to increase the social impact of the community business, and make it more viable in the long term by increasing traded income, securing an asset or reducing revenue costs.
Projects must have a charitable purpose, be for the public benefit and share one or more of the following impact goals:
- Reduce social isolation.
- Improve health and wellbeing.
- Increase employability.
- Create better access to basic services.
- Improve local environment.
- Enable greater community cohesion.
- Foster greater community pride and empowerment.
The current guidelines, FAQs, and online application form can be found on the Power to Change website https://www.powertochange.org.uk/get-support/programmes/community-business-fund/.
For more information the funder can be contacted by telephone 0300 1240444 or email firstname.lastname@example.org.