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