28 August 2018
Power to Change’s Community Business Fund Opens for Round 6 on 11 September
Round 6 of Power to Change’s Community Business Fund will open for applications on 11 September 2018 and a free webinar will be held on 13 September for organisations that are interested in applying.
Power to Change, an independent trust, supports people to start and grow community businesses to revive local assets, protect the services people rely on, and address local needs.
The Community Business Fund is aimed at existing community businesses based in England, trading for the benefit of and accountable to their local communities, that need funding for a business development project to make their organisation more sustainable.
Grants of between £50,000 and £300,000 are available to a range of community businesses. So far, these have included community libraries, bakeries, pubs, farms, hubs, transport, energy schemes, art centres and construction organisations, and many others.
According to Power to Change, around £2.5 million will be awarded to around 15 community businesses in this round, so the process is ‘highly competitive’. Prospective applicants should read the new guidance notes that have been published for round six before applying for the funding as well as look the projects that have already received funding.
Groups can also sign up now for the free ‘Is the Community Business Fund right for you?’ webinar which will take place from 2pm to 3pm on 13 September 2018.
Round 6 will open for applications on 11 September with a deadline of 12 noon on 9 October 2018 (noon).