Power to Change has launched the Community Business Renewal Initiative, in response to the COVID-19 crisis and the £375,000 Community Business ReBoost fund is part of this support package for the community business sector.
What is the Community Business ReBoost fund?
Community Business ReBoost fund aims to support community businesses to raise community shares capital that can support their recovery, pivot or expand the business in response to Covid-19. The ReBoost fund provides grant funding and matched equity investment.
What can you apply for?
The ReBoost fund provides grant funding and matched equity investment. ReBoost will support smaller, and quick interventions focused on raising working capital for community businesses via community shares offers between November 2020 and April 2021.
- Development grants – between £3-5k to prepare a recovery community share offer and be awarded the Community Shares Standard Mark
- Match equity investment – typically matching pound for pound up to £25,000 invested by the ReBoost fund.
Additional business development support may also be provided where required, and will be prioritised to help community businesses operating in deprived neighbourhoods, or those led by and supporting BAME* communities and those led by and supporting disabled people.
How can I apply?
The Community Business ReBoost fund is now open for applications.
Where can I find out more?
You can find out more, including whether you are eligible to apply to the fund by reading our guidance notes.
Watch our webinar, where you will learn more about the fund, whether it’s the right one for you and how to apply: