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The Community Business Fund reopens on 11 September 2018

30 Aug 2018 - 15:41 by michelle.foster

Are you an existing community business in England? Looking for funding and support to make your business more sustainable? The Community Business Fund provides grants between £50,000 and £300,000 to help you progress towards self-sufficiency. Power to Change

Power to Change only funds community businesses. Community businesses are run by local people for local people. They can revive local assets, protect the services people rely on, and address local needs. There are many types of community business. What they all have in common is that they are inclusive and give decision making power to local people and that the profits they generate flow back into the community to deliver positive local impact.

Power to Change will not fund 'business as usual'. Your application must demonstrate how the funding will help you to increase the social impact of your community business, and make it more financially viable by the end of your project by increasing traded income, securing an asset or reducing revenue costs.

Webinar – Is the Community Business Fund right for you?
Power to Change are hosting a practical webinar on Thursday 13 September 2018, 2pm-3pm where you can find out if you can apply for Power to Change's Community Business Fund, what they have funded in the past, what they are looking for in your application and the application process followed by a live Q&A where they answer your questions. This webinar will be recorded and shared afterwards. Click here to register

The Community Business Fund will only fund incorporated organisations.

You must have a charitable purpose at the heart of the project you’re asking to be funded, which meets charitable needs in your community.

For a project to be charitable, it needs to have both a charitable purpose and to be for
public benefit.

Your project must be able to demonstrate at least one of the seven core impact areas below:
1. Reduce social isolation
2. Improve health and wellbeing
3. Increase employability
4. Create better access to basic services
5. Improve local environment
6. Enable greater community cohesion
7. Foster greater community pride and empowerment

Your organisation should have at least one year of financial accounts; this could be your management accounts or your annual accounts.

Power to Change will not fund the full costs of your project. You should have other sources of funding either confirmed or close to confirmation to show that your project is viable.

State Aid relates to certain EU regulations around competition, which Power to Change must abide by.

You must be ready to start work within six months of accepting your grant offer.
You can request up to 75% of revenue costs and building-related capital costs, and up to 100% of non-building related capital costs.

For further information and to apply, visit: www.powertochange.org.uk/get-support/programmes/community-business-fund/, or contact 0300 124 0444, or email: [email protected]

Deadline: Tuesday 9 October 2018, 12:00

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