Things to think about
We expect the process to be highly competitive. Last year we were able to fund just 5% of the applications we received.
There will be future funding rounds of the Community Business Fund. Applying for a later funding round will not reduce an applicant’s chance of receiving funding.
We will rarely fund alone. For example, we will usually fund a maximum of 75% of the total costs of buying or renovating a building.
In previous funding rounds, over two-thirds of applications were rejected because they didn’t meet our definition of a community business.