The Community Business Fund is aimed at existing community businesses based in England, trading for the benefit of and accountable to their local communities, that need funding for a business development project to make their organisation more sustainable.
All sorts of community businesses including community libraries, bakeries, pubs, farms, hubs, transport, energy schemes, art centres and construction organisations have received funding to become more sustainable.
Grants of between £50,000 and £300,000 are available for:
- Building-related capital costs (purchasing, renovating or adapting), applicants can request up to a maximum of 75% of these costs.
- Non-building related capital costs (purchasing other equipment and physical assets); applicants can request 100% of these costs.
- Project specific revenue costs of running the business, applicants can request up to 75% of the revenue costs associated with the project.
Existing Community Businesses that are incorporated and based in England can apply. A variety of legal structures are eligible to apply but organisations must be incorporated and have a charitable purpose at the heart of the project that funding is being sought for.
The deadline for applications is 9 October 2019 (12 noon).
Content source: www.grantfinder.co.uk