Power to Change has teamed up with Crowdfunder to launch Community Business Crowdmatch to support new or existing community businesses responding to the Covid-19 crisis.
The scheme will help community businesses, providing services or activities that help local people disproportionately affected due to the crisis, by match-funding each £1 raised, to a maximum of £10,000.
Power to Change is keen to support new and existing projects in deprived areas and work with Black, Asian, and Minority Ethnic (BAME) communities across England. Funding could be used to support new ideas to help local neighbourhoods, help meet increased demand, save a community space or bridge a funding gap.
Applications can be made at any time.
Examples of the types of activity that can be funded:
Norwich Mustard (a Power to Change grantee) raised £13,823 with 184 supporters in 28 days to help them produce a business plan and start growing and producing a test batch of their product. Find out more.
Friends of the Admirals Head Pub formed off the back of over 80 local people wanting to bring the pub back to life after it had closed. Their vision is for it to become ‘more than a pub’ providing services for the whole community. They needed funding for: legal registration costs, a feasibility study, developing a business plan and preparing a community bid and raising finance to purchase the pub. In October 2019, they launched a successful crowdfunder campaign and raised £3,514 with 38 supporters in 56 days in 2019 to raise money to get started (including £1500 match funding from Power to Change Community Business Crowdmatch). Read more here.