A new funding programme has been launched that will provide community groups and organisations with grants of up to £15,000 to develop or start a new community business. Over the next three years, the fund will give up to 150 community groups the early stage finance they need to carry out consultations with local people to develop a community business idea the community wants and needs and will also give them support and tools to start setting up their community businesses.
The Bright Ideas Fund is funded by Power to Change, the independent trust supporting community businesses in England, and delivered by Locality, the national network for community organisations, in partnership with Co-operatives UK, the Plunkett Foundation and Groundwork UK.
The fund will be open for applications from Tuesday 26th February 2019 until Tuesday 9th April 2019. There will be further bidding rounds over the next three years.
- August – September 2019,
- February 2020 – April 2020,
- August – September 2020,
- February 2021 – March 2021.
Locality will be holding a webinar to help community groups and organisations understand what the Community Business Bright Ideas Fund is about and whether they can apply. The webinar will be held at 11am – 12pm on Wednesday 13th March 2019.