Power to Change and Co-operatives UK, supported by the Mayor of London, has launched a new funding pilot designed to boost the capital’s high streets and civic centres, by growing London’s social economy and community business sector.
What is the Boosting Community Business London programme?
Boosting Community Business London is aimed at supporting existing community organisations to become community businesses, supporting grassroots innovation across the capital. The programme is designed to equip both nascent and existing community organisations with the knowledge to refine their business and governance models, and take the next steps in successfully raising alternative finance, such as community shares.
What can you apply for?
Boosting Community Business London programme has funding for existing London-based community businesses .
Select participants from the Track 1 part of the programme, and existing community businesses who plan on developing Community Share offers, a form of equity investment, can apply for development grants of up to £10,000 to cover costs associated with the Standard Mark assessment and promotional spend for the share offer campaign itself.
How can I apply?
For community businesses based in London, the programme is now open. You can apply now via the Cooperatives UK website.
Where can I find out more?
You can find out more, including whether you are eligible to apply to Boosting Community Business London by reading the guidance notes.
Watch our introductory webinar ‘Welcome to community business’ here:
If you’d like to know more about ‘What makes a successful community business’ watch our webinar below: