The fund aims to give community groups the support and tools to start setting up a community business. It will also fund consultation with local people and feasibility studies to develop a community business idea meeting local needs.
A change to this round is that the community organisation applying must be less than five years old.
The scheme offers
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Business development support: up to 12 days of business development support from Locality, Plunkett Foundation, or Co-operatives UK.
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Learning, events and peer networking: the opportunity to learn from existing community businesses, through visits and events
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Grant funding: The opportunity to apply for a grant of up to £15,000 to develop your idea and/or improve your organisation’s capability, depending on your needs.
Deadline is 1st December 2017. Full details here: https://mycommunity.org.uk/funding-options/bright-ideas-fund/