Power to Change announced yesterday (22/01/2015) that is has now received £150m endowment from the Big Lottery to support the development and sustainability of community businesses.
The funding is endowed to the independent trust who will managed the funding. It’s early days yet so we do not have all the details on what or how the funding may work, but it is likely to be a mixture of loans and consultancy / development support.
At the moment the programme is looking for “Community Business Champions” to register their interest so if you are running a community business or considering setting one up do take a look at their website http://www.thepowertochange.org.uk/ we will keep an eye out and keep you posted here too!