At Power to Change we recognise the importance of local and regional government backing to help grow local social economies. Our five lessons can support councils and combined authorities to intentionally and purposefully grow their social economy.
While there are many good practices we can adopt at programme level, there are sector gaps in the availability and accessibility of support for community businesses to develop their financial capabilities. We explore what it will take to address sector gaps and build a more supportive ecosystem.
Power to Change’s Financial Capabilities pilots – one delivered by The Women’s Organisation, and the other by Locality – aimed to strengthen community businesses’ financial management and decision making. Each project took a different approach, and we share below the initial learnings that have emerged from both pilots.
Power to Change recently commissioned a study on the value that volunteers contributed to community businesses. In this blog, Sarah Thelwall describes some of the findings that might be useful for community businesses.
Six community solar farms across England and Wales - generating clean, renewable energy whilst reinvesting profits into the local community – have generated £60,000 of surplus profit which will be given to partners to support their local communities.
Local community access and ownership of key buildings on the UK’s thousands of high streets could be pivotal to their future survival according to a new report commissioned by independent trust Power to Change.
Power to Change, the independent trust that supports community businesses in England, is launching a new £5 million package of support to enable community businesses affected by the Covid-19 crisis to adapt, renew and rebuild their businesses so they can remain financially viable and best serve their local communities during the pandemic’s ‘new normal’.