Bright Ideas Fund round two, deadline 31 May 2017

24 April 2017

Business development support, grants of up to £20,000 and opportunities to visit other community businesses are available from the Bright Ideas Fund. The funder expects to award around 80 grants over the whole programme.

What is a community business?

"Community business are businesses that are locally rooted, accountable to the local community, will benefit the local community and have a broad community impact." For further details, read the guidance notes (page 7).

Business development support

Successful applicants will be matched with an advisor. Up to 15 days of business development support from Locality, Plunkett Foundation, or Co-operatives UK is available to help you develop your community business including:

  • Business planning
  • Market research
  • Options appraisal
  • Getting ready to trade
  • Community shares
  • Contract readiness

Grants

Once accepted onto the programme, and after receiving business development support, community businesses have the option to apply for a grant of up to £20,000. A business development adviser will work with you to help develop your grant application and a detailed budget and project plan.

Interested?

Read the guidance notes then complete the eligibility check. If your community business is eligible you will get an email with a link to the application form.

Deadlines

The next deadline for applications is 31 May 2017.

There will be further rounds in September 2017 and February 2018.

Questions?

Telephone 0300 020 1864. The helpline is open Monday to Thursday mornings, 9.30am to 12.30pm.

Answers to frequently asked questions are available.

To email the funder, complete the online form.

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