[cma-l] Community Business Fund

[CMA-L]

The new £10 million Community Business Fund opens on *26 April*. If you are
applying for Power to Change funding, it’s important to understand what is
meant by the term "community business". The four key features that Power to
Change look for in a community business are:

   - Local roots: They are rooted in a particular place and respond to its
   needs. For example, Granby Four Streets is the driving force behind
   community-led regeneration in Liverpool.


   - Trading for community benefit: They are businesses. Their income comes
   from things like renting out space in their buildings, trading as cafés,
   selling produce they grow or generating energy. For example, the Burton
   Street Foundation in Sheffield.


   - Community control: They are accountable to local people. This can be
   through formal structures such as a community share offer that creates
   members who have a voice in the direction’s business or through more
   informal routes such as regular surveys and deep engagement. For example,
   The Angler’s Rest pub is controlled by members of Bamford Community Society.


   - Community impact: They benefit and impact their local community as a
   whole. They often morph into the hub of a neighbourhood, where all types of
   local groups gather, for example to access broadband or get training in
   vital life skills. For example, Homebaked community bakery provides
   employment and training for local people.


For more information:
http://www.thepowertochange.org.uk/funding/grants/community-business-fund/

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