Funding for Community Businesses – Round 4 of Bright Ideas Fund to open on 26 June

The 4th Round of Power to Change’s Bright Ideas Fund reopens on Tuesday  26 June with a deadline of Tuesday 31 July.

We’ll be featuring this scheme in tomorrow’s bulletin, particularly as Round 4 of the Bright Ideas Fund will be prioritising applications from Plymouth and West of England Combined Authorities (a group of two or more councils to collaborate and take collective decisions across council boundaries). Here’s a snapshot of the scheme.

Bright Ideas provides business support and grants to not-for-profit organisations that have been operating for five years or less that want to set up their own community business in England

Round 4 has £700,000 available to help launch a further 40 inspiring, locally rooted and community-led businesses.

Grants of up to £15,000 are available.

The funding is for community groups, associations, and organisations with good ideas for a community business but need advice and a small amount of revenue funding to develop, test and get to the stage of launching their community business.

The eligible activities are:

o Arts Centre or facility;
o Community hub, facility or space;
o Community pub, shop or cafe;
o Employment, training, business support or education;
o Energy;
o Environmental or nature conservation;
o Food catering or production (including farming);
o Health, care or well-being;
o Housing;
o Income or financial inclusion;
o Sports and leisure;
o Transport; and
o Visitor facilities or tourism.

Further information is available on the My Community website or go to our Contact Us page to sign up to our daily grants bulletin.