The Community Business Fund from independent trust, Power to Change, will reopen on Wednesday, April 24, offering grants of between £50,000 and £300,000 to businesses in England trading for the benefit of and accountable to their local communities.
To date, the fund has given grants worth over £22m to over 120 community businesses across England. Yorkshire and the Humber, the South West and the North West have been awarded the lions share of the cash with nearly £4,500,000 going to each region. Community hubs have been awarded 45% of grants, followed by community shops or pubs (13%), employment and training support (10%) and sports and leisure centres (7%).
This is the seventh round of the Community Business Fund, which has to date supported over 120 organisations in England to become more financially sustainable. From farms to libraries, canal moorings to cinemas, the Community Business Fund supports a wide range of community businesses, which all operate in a way that delivers positive social impact.
Alex Steeland, Programme Manager at Power to Change, said: “We’re very excited to make a further £3m available to community businesses. Community businesses are doing exceptional work at delivering more cohesive local communities and a stronger civil society. We look forward to receiving a broad range of applications from a wide variety of places and sectors, and we are particularly keen to hear from community businesses in the East Midlands, South East and North East so we can distribute the fund more evenly across the country.”
After opening on April 24, community businesses will have until midday on Wednesday, May 22 to apply. Organisations are encouraged to read the guidance for the fund before making an application and to sign up to the Power to Change newsletter to be kept informed as to when the online application form goes live. Grant awards will be made to the successful organisations from August 2019.
Power to Change will host a webinar on Thursday, April 25 to give hopeful applicants an overview of the fund and its eligibility criteria. This is also a great opportunity for community businesses to ask any questions they might have about the application process. Register for the webinar here.
BE Group, Power to Change’s grant partner for the Community Business Fund, can answer any questions applicants have about this fund either by phone 0300 1240444 or via email email@example.com. Further information is available at www.powertochange.org.uk/funding/grants/community-business-fund/.
About Power to Change
Power to Change is the independent trust that supports community businesses in England.
Community businesses are locally rooted, community-led, trade for community benefit and make life better for local people. The sector is worth £1.05 billion, and comprises 7,800 community businesses across England who employ 33,600 people. (Source: Community Business Market 2018)
From pubs to libraries; shops to bakeries; swimming pools to solar farms; community businesses are creating great products and services, providing employment and training and transforming lives. Power to Change received its endowment from the National Lottery Community Fund in 2015.
For more information please contact: Alex Valk 07384 812777 firstname.lastname@example.org
About The National Lottery Community Fund
We are the largest community funder in the UK – we’re proud to award money raised by National Lottery players to communities across England, Scotland, Wales and Northern Ireland. Since June 2004, we have made over 200,000 grants and awarded over £9 billion to projects that have benefited millions of people.
We are passionate about funding great ideas that matter to communities and make a difference to people’s lives. At the heart of everything we do is the belief that when people are in the lead, communities thrive. Thanks to the support of National Lottery players, our funding is open to everyone. We’re privileged to be able to work with the smallest of local groups right up to UK-wide charities, enabling people and communities to bring their ambitions to life.