Communitybuilders is a £70m investment fund which takes forward a commitment within the Communities in Control: real people, real power White Paper to build more cohesive, empowered and active communities.
Communitybuilders offers loans, grants and business support. There are three different elements to the fund which are meant to meet the needs of organisations at different stages in their journey to sustainability. We recognise that all organisations will be at different stages of development, and that some will need more support than others. That’s why we have three different elements to the Fund.
You could, but are not required to, progress through the stages in order, or depending on your level of development, could move directly to Feasibility or Investment. Don’t worry too much about which element would be best for you – our Business Development team will help tailor the elements to your exact requirements.
Development
Bespoke business support based on an initial needs assessment and leadership grants of £2,000 for staff development and training. Each organisation will be assigned a Supporter who will lead them through an honest exploration of the health of the organisation; help develop foundations around governance, financial systems, and leadership as well as core functions.
Feasibility
Further business support of up to 5 days and grants of up to £20,000 to use towards project development of a growth plan. Grants of up to £75,000 and 30 days of support will be available for larger projects.
Investment
Tailored for organisations who are ready to develop, grow and expand their role within the community. Investment will consist primarily of loans between £50,000 and £2,000,000 offered at 5% for an initial three year period of a ten year loan term.
