Funding news - 17/05/2017

Power to Change Community Business Fund Reopens 7 June

Power to Change has published the guidelines for Round 4 of the Community Business Fund which will open to applications from community businesses in England on 7 June.

The Power to Change, an independent charitable trust, is using a £150 million endowment from the Big Lottery Fund to support community businesses that are working to address a variety of social problems, from saving local shops to providing affordable housing. There is around £10 million per year for 10 years with grants of between £50,000 and £300,000 available for eligible projects.

To be eligible, organisations must be incorporated, based in England, have at least one year of financial accounts and share the following four key features:

  • Locally rooted - based in their community.
  • Accountable to local community - accountable to local people.
  • Trading for benefit of local community - profits must stay in the area.
  • Broad community impact – address the challenges in the community.

Projects must have a charitable purpose, meet charitable needs within the community and share one or more of the fund's seven goals:

  • 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.

The grants can be used for:

  • Capital costs including building, vehicles, equipment of significant value, refurbishment costs.
  • Project-specific revenue costs like staff costs, professional fees, volunteer costs.

Power to Change will fund up to 75% of revenue costs, up to 75% of the building related capital costs and 100% of other capital costs, such as the purchase of a vehicle.

Round 4 applications will be accepted from 7 June 2017 until 5 July 2017 (12 midday).

Full details can be found on the Power to Change website

Source: Power to Change, 17/05/2017