Community groups, associations and organisations that need support to develop their community business idea can apply to the programme from 26 February.
Thanks to further funding from Power to Change, the Bright Ideas Fund will be able to help community business start ups in England for another three years. The previous programme ran from 2016 to 2018. The £3.2 million fund will provide tailored support and grants of up to £15,000 to 150 groups to develop their projects.
The fund will give community groups the early stage finance they need to carry out consultations with local people to develop a community business idea the community wants and needs and will also give them support and tools to start setting up their community businesses. The funding programme is delivered by Locality in partnership with Co-operatives UK, the Plunkett Foundation and Groundwork UK.