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Power to Change Guidance

A quick update for those of you who aim to grow your community businesses and to follow up on a post ( a few weeks ago) about the £10m fund.

Power to Change has now released the funding guidance to apply for the fund which will potentially provide up to 75% of the development costs with a ceiling application of £300,000.

Please note this is a fund that has strict criteria and is aiming to fund sustainable community business development so do check the criteria carefully. In previous rounds only 5% of applications were awarded and a very high proportion were not awarded based on the organisation not meeting the basic community business criteria.

You can download their guidance here http://www.thepowertochange.org.uk/wp-content/uploads/2016/04/Community-Business-Fund-applicant-guidance.pdf

 

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£10m fund to open in April

If you need £50,000 to £300,000 to support your community business to develop and grow then you’ll be pleased to know that the Power to Change £1om grant programme is opening a new funding round on 26th April 2016.

A few pointers:

Power to change is for community business rooted in the community with community ownership (check eligibility here) and in previous rounds it only funded 5% of applicants and more than two thirds of applications dd not meet their criteria. Funding will rarely exceed 75% of overall development costs.

Power to change is expecting this round will be highly competitive and is having further rounds in July and October. the fund expects to award relatively equal acorss each round.

Key dates to note:

  • 5 April: Full criteria will be published on the Power to Change Website the grants helpline will open to help you with your application and any questions you have about eligibility.
  • 19 April: They will host a free Q&A webinar about the programme.
  • 26 April – 1 June: First application window
  • July 2016: Second funding round opens
  • October 2016: Third funding round opens

To register your interest then click here

 

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Open to Applications

The Lloyds Bank Social Entrepreneurs Start Up programme is open for applications.

Now we’ve got your attention. The school for Social Entrepreneurs (Midlands) is open to applications. We are proud to work with the School for Entrepreneurs as “Expert Witnesses” on their Social Enterprise Start up programme not just because their Learning Manager (2015) said “every start-up programme should start with Development in Social Enterprise”, but because it’s probably the best start up programme for social entrepreneurs in the Midlands.

The programme offers:

  • 14 days of learning over a 12 month period starting in October
  • A mentor from Lloyds Bank
  • A £4000 grant to help get your idea off the ground.

As you can see the programme is an extensive action learning programme with a grant and therefore places are highly contested, but if you don’t apply you won’t be in the running!

They are holding an Information and Taster session in Birmingham in the evening of 3rd March to help you find out more and provide insight into what a successful application looks like – Book a place now.

The deadline for full applications is 1:00 pm on 21st March. Applications here https://www.the-sse.org/courses/start-up/

Good Luck!

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Want to find out more about the School for Social Entrepreneurs?

The West Midlands School for Social Entrepreneurs is holding an information event ahead of its next round of recruitment. If you’re interested in the programme why not pop along to find out more?

Demand for the Lloyds Bank Social Entrepreneurs Start Up programme at the School for Social Entrepreneurs is high; so they are starting taster and information sessions early for our 2016/17 intake.

The programme provides 15 days of support, a Big Lottery grant of £4000 for participants, plus a mentor from Lloyds Bank over a 12 month period. As a result, demand outstrips the number of places they can offer – around 20 in the West Midlands and 20 in the East Midlands.

Their next programme starts in October 2016 and applications can be made between 1 February and 21 March 2016.

To help you understand more about the programme, decide if its right for you and get some useful tips and guidance on applying, we are running our first ‘taster session’ in Birmingham on 17 December from 5:30 to 8:00 pm.

More information and booking https://ssemidlands.typeform.com/to/irdQlA

 

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Recruiting 250 Social Entrepreneurs

The School for Social Entrepreneurs (SSE) is looking for 250 new social enterprise ideas for the Lloyds Bank Social Entrepreneurs programme!

If you have a new business or project that will make a positive difference in your community, SSE & and the Lloyds Bank Social Entrepreneurs Programme wants to hear from you. The programme offers a fully funded year of training and a £4,000 grant to help you get started.  Applications for the Programme are open from 2nd February until 2nd April 2015.  For more information and details of how to apply visit http://bitly.com/1eA5RjQ

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