Your community group can now apply for support and tools to set up a community business. Deadline for applications 5pm on 1 December.
The Community Business Bright Ideas Fund aims to
give your community group the support and tools to start setting up your
community business. It will also give your group the early stage
finance that you need need to carry out consultation with local people
and feasibility studies to develop a community business idea the
community wants and needs.
My Community – Locality’s aim is to help organisations explore a project
idea; start up a community business, and attract other funding.
Bright Ideas will provide successful organisations
1. Business development support:
Up to 12 days of business development support from Locality,
Plunkett Foundation, or Co-operatives UK.
2. Learning, events and peer networking:
The opportunity to learn from existing community businesses,
through visits and events
The opportunity to apply for a grant of up to
£15,000 to develop your idea and/or improve your organisation’s capability,
depending on your needs.
There is one significant change to the eligibility criteria:
- “The community organisation applying must not have been
constituted for more than five years at the time of making an
application. This is to ensure that we are considering new groups
What is a community business?
A community business is set up and led by local people to look after
what matters to them. Any profits flow back into the business to deliver
positive local impact.