Grants of £50,000 to £300,000 will be available to existing community businesses looking to progress towards self-sufficiency. This could be through increasing trading income, securing an asset or significantly reducing revenue costs.
Businesses supported will be locally rooted, accountable to – and trading for the benefit of – the local community and delivering broad community impact by addressing at least one of the following seven core impact areas:
- Reduce social isolation.
- Improve health and wellbeing.
- Increase employability.
- Create better access to basic services.
- Improve local environment.
- Enable greater community cohesion.
- Foster greater community pride and empowerment.
Grants can cover up to 75% of revenue costs or building-related capital and 100% of other capital costs. Applicants will be expected to demonstrate that other sources of funding have been or will shortly be confirmed. Projects can last up to three years.
Deadline: 22 May (opens 24 April)