Power to Change has launched the Community Business Renewal Initiative, in response to the COVID-19 crisis and this £3million Community Business Renewal Fund is part of this support package for the community business sector.
What is the Community Business Renewal Fund?
The Community Business Renewal Fund provides grants to community businesses in England affected by the Covid-19 crisis to adapt, renew and rebuild their business so they can remain financially viable. The fund is aimed at organisations delivering services in their local community to support those who have been most affected by the Covid-19 crisis.
In light of the most recent lockdown, and the toll this has taken on community businesses, we have reviewed our priorities around financial resilience. We are now looking for businesses in a financial position where prospects of future viability are reasonably secure. For more information, please see the guidance notes.
What can you apply for?
An unrestricted grant between £10,000 and £20,000 to to support your organisation to adapt and evolve to the changing circumstances, by providing an unrestricted grant that could be used to cover core staffing costs, contribute to meeting capital costs of adapting your community business and ensuring that your community business can continue to provide the vital support to local people.
The Community Business Renewal Fund welcomes strong applications from organisations across the community business sector. However applications will be prioritised from organisations that are:
- Operating in a community that has been hardest hit by Covid-19
- Increasing diversity in the community business sector
- Supporting the growth and impact of the community business sector as a whole
How can I apply?
The Community Business Renewal Fund is now closed for applications.
Where can I find out more?
You can find out more, including whether you are eligible to apply to the Community Business Renewal Fund by reading our guidance notes.
You can read our Frequently Asked Questions, they’ll be updated regularly, so please do keep checking back.
If your organisation has made it through to the second stage application, please see the guidance notes – you’ll find a preview of the application questions and guidance on how to answer.
Watch the recording of our webinar, where you will learn more about the fund, whether it’s the right one for you and how to apply: