Published: 1st May 2020

Power to Change is launching up to £12m of emergency support to provide both immediate and medium-term help for community businesses facing a loss of trading income during the coronavirus crisis. The new emergency support includes £7m in rescue funding for community businesses, offering grants up to £25,000 to contribute towards trading income losses incurred between April and June 2020. This first pot of funding is available to current and previous Power to Change grantees, and to community businesses which are members of Power to Change’s strategic partners – Co-operatives UK, Locality and the Plunkett Foundation – all of whom played a key role in designing this response. £5 million is also available in recovery funding, to be made available later this year, based on learning from the first pot to help community businesses rebuild and recover strongly from the crisis. Throughout the coronavirus crisis, community businesses have continued to … (To read the full article, subscribe below)