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Power to Change is offering unrestricted grants of between £10,000 and £20,000 to community business that were financially viable before the coronavirus/COVID-19 pandemic.
Priority will be given to:
Areas of England facing high levels of deprivation (IMD of 1-3).
Organisations supported and led by Black, Asian and Minority Ethnic (BAME).
Organisations supported and led by disabled people.
Organisations that are committed to promoting diversity on their board of trustees, amongst their leadership team and staff, volunteers and service users.
The funding could be used to support the following:
Meeting core staffing costs which would otherwise be at risk due to the pressure on community businesses to cut costs.
Creating breathing space for the organisation, giving them time to take a step back, explore new options and focus on business planning.
Increased costs of a capital project that had been planned before the pandemic.
Contributing to capital costs of adapting operations.
Cashflow support due to delays to work, or to cover lost trading income.
There will be three application rounds with very narrow application windows of three hours each on 3 November, 12 January 2021 and 2 March 2021.
Power to Change will provide further information about the criteria and the application process in a free webinar on Tuesday, 20 October 2020 (1pm).
Round one is open for applications from 10am to 1pm on 3 November 2020.
Power to Change will provide further information about the criteria and the application process in a free webinar on Tuesday, 20 October 2020 (1pm). Registration is required.
There are three application rounds with three-hour application windows on each of the following dates:
Round One – Tuesday 3 November 2020, 10am-1pm
Round Two – Tuesday 12 January 2021, 10am-1pm
Round Three – Tuesday 2 March 2021, 10am-1pm
The guidance notes are currently available and can be downloaded from the Power to Change website. Applicants should read the guidance notes (Part four) and prepare the answers to the questions in advance of the application window.
Those that are considered eligible will be invited by Social Investment Business to progress to the second stage of the application.
Power to Change
Power to Change - Community Business Fund
For further information on how to obtain this grant locally, please contact the following:
Power to Change
The Clarence Centre
6 St George’s Circus
Tel: 020 3857 7270
Email: [email protected]
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