Community businesses already play a vibrant role in local places across England. There are more than 7,000, and are growing in number more quickly than both charities and small businesses. Here is why:
They are responsive
Community businesses make money from trading—so they do not rely on a single source of income and can respond quickly to local needs
They are resilient
Community businesses see people coming together to solve problems for themselves, whether as customers, shareholders, employees or volunteers. Local people can weather any storms together, which is one of the reasons we saw almost no community businesses close last year
The time is right
Many parts of the country face cuts, neglect and social problems. But we know that people are stepping in to address these issues, and we support them as they run businesses which help their whole community and recycles money back into the local area.