Power to Change, which supports community businesses, has announced that its Community Business Fund will re-open for applications in October 2016.
Power to Change will be awarding grants between £50,000- £300,000 to support and develop Community Businesses in England. Funding is available to:
- Community Businesses that are based in their community
- Are locally controlled
- Trade for the benefit of the local community
- Address challenges within their community.
To be eligible for funding applicants need to be incorporated (rather than as a collection of individuals) and funding will be available for both capital and revenue costs.
Previous projects supported include:
Bristol Ferry Boats who were awarded £247,875. Bristol Ferry Boats are a Community Benefit Company with 900 shareholders. As well as running commercial trips for commuters and parties boat trips are used to support the curriculum for local schools and share Bristol’s history. The funding will help purchase a new environmentally friendly boat and support a series of trainee/staff pilots from the community and discounted fares for older and vulnerable residents. For more examples of projects funded click here.