The Power to Change Trust, which is an independent charitable Trust set up in 2015 to support, develop and grow community businesses across England has announced that its Initial Grants Programme will re-open for applications in early 2016.
nCommunity businesses that are in a position to significantly improve their long-term sustainability within six months of receiving a grant will be able apply for capital and revenue funding of between £50,000 and £500,000. The Trust will be looking for applications from exiting organisations which already have business plans in place and are ready to start work quickly on their proposals. Capital grants can be used for refurbishments, renovations, land purchase and building purchase. Revenue funding is available to develop new services which generate income and meet community-identified needs; for professional services and staff costs restricted to the project, for example, to oversee new business development for a limited period.
nFurther details available here
n