Power to Change and Co-operatives UK, supported by The Mayor of London, have launched this new funding programme.
Community organisations in London are being invited to apply to a £150,000 programme to equip them with the knowledge to refine their business and governance models and take the next steps in successfully raising alternative finance.
Through Track 1 of the programme, London-based organisations may apply for up to eight days of development support, up to a value of £4,000, including specialist expertise to help them transition their operating model to that of a community business. Deadline 19 February 2021.
Track 2: Select participants, and existing community businesses who plan on developing Community Share offers, a form of equity investment, can apply for development grants of up to £10,000 to cover costs associated with the Standard Mark assessment and promotional spend for the share offer campaign itself. This stream will open from 2 April until 12 April.