Community Business Renewal Fund

Power to Change has launched the Community Business Renewal Fund to provide grants to community businesses to help them adapt, renew and rebuild their business so they can remain financially viable.

The fund is offering unrestricted grant between £10,000 and £20,000 aimed at organisations delivering services in their local community to support those who have been most affected by the Covid-19 crisis.

Priority will be given to:

  • Areas of England facing high levels of deprivation
  • Organisations supported and led by Black, Asian and Minority Ethnic (BAME)
  • Organisations supported and led by disabled people
  • Organisations committed to promoting diversity on their board of trustees, amongst their leadership team and staff, volunteers and service users.

The funding could be used to support :

  • core staffing costs which would otherwise be at risk
  • giving organisations time to explore new options and focus on business planning
  • increased costs of a capital project that had been planned before the pandemic
  • capital costs of adapting operations
  • cashflow support.

There will be three rounds with very narrow application windows of just three hours.

Round one is open for applications from 10:00 to 13:00 on 3 November.

Find out more here.

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