Power to Change, the independent charitable trust that supports and develops community businesses in England has announced that it will launch a new fund to support community businesses in England affected by the Covid-19 crisis.
Community businesses will be able to apply for grants of between £10,000 and £20,000 to adapt and evolve to the changing circumstances; and to remain financially viable. There are no restrictions on how the grants and they can be used to cover core staffing costs, contribute to meeting capital costs of adapting community businesses and ensuring that they can continue to provide the vital support to local people.
Priority will be given to applications from areas of England facing high levels of deprivation, organisations supporting and led by disabled people and Black, Asian and Minority Ethnic (BAME)-led or BAME-supporting businesses.
There is a very short applications windows (3 hours) as high demand is anticipated. The fund will be open for applications from 10am – 1pm on the 3rd November 2020.
Two further funding rounds will be made available:
Round Two – Tuesday 12 January 2021, 10am-1pm
Round Three – Tuesday 2 March 2021, 10am-1pm
Potential applicants can join a free webinar on Tuesday 20 October at 1pm, where they will learn more about the fund.