Community organisations that own or manage a building or outdoor space that’s used for a wide range of community activities can apply for interest free loans of up to £50,000 for up to 5 years to develop their trading activities and generate a more sustainable income.
The aim is to generate a regular income that allows community organisations to maintain and invest in community spaces. The funding is being made available through the Co-op Foundation. Organisations based in more deprived areas or who work mainly with more disadvantaged members of the community may also be eligible for grant funding alongside the loan.
Successful applicants do not make any repayments in the first year whilst there are developing their trading activities.
Applications can be submitted at any time via an Expression of Interest form.