First grants programme under Power to Change gets underway

08.05.15

Have you got a good idea which will see you build a successful community business where you live? The Power to Change, set up with a £150m endowment from the Big Lottery Fund, will fund successful community businesses with ambitious and innovative plans to transform local places, and inspire many more people to start, support and grow community businesses.

By the end of 2015 they aim to have provided £9m worth of funding and support to businesses across England. A majority of this funding will be awarded through the Initial Grants Programme (IGP), an initiative that has been specifically designed to help new and existing community businesses that are in a position to make a step change in their journey towards long term sustainability within the next six months. In order to help organisations assess whether the Initial Grants Programme funding is suited to their current needs and stage of development, a set of six criteria have been published which organisations/ projects must meet to be considered for funding through the programme.

Grants will be from £50,000 to £500,000 and applications can be made from 12 May 2015 with around 70 organisations aimed to be supported in 2015.

A wider range of funding and support programmes will also be introduced from late 2015.

For more information and to apply, go to the Power to Change website.