Community Shares Booster programme 7 December 2017 "The Community Shares Booster Programme is a funding scheme to support community share offers. It will invest equity up to £100,000 to match community shares in societies that can demonstrate higher than average levels of community impact, innovation and engagement. The programme will also provide development grants of up to £10,000 to help societies get investment ready and meet standards of good practice. Match funding will be in the form of equity held on equal terms with other community shareholders." The programme is open to new and existing community businesses that are planning to make, or have recently launched, community share offers. "To be considered for support and funding through the Community Shares Booster Programme you must at the very least: be based in England be an emerging or existing community business, be able to address an identified charitable purpose The Booster Programme aims to support groups to overcome three critical challenges when seeking to raise finance through a community share offer: "Communities are unable to launch a share offer due to perceived and real constraints at the development stage Communities, especially more disadvantaged groups, face a series of challenges during the share offer which prevents them meeting their targets or proceed with the venture due to external factors Communities develop and launch their share offer having not adopted good practice guidance, leading to growing levels of poor practice which may in turn weaken consumer confidence, threatening the community shares market as a whole" Interested? Please read the guidance notes before starting the application process. There are no deadlines and applications can be submitted at any time up to December 2020. Questions? There is an introductory webinar on 13 December 2017 at 1pm - register for the webinar. This content is © Bfunded 2018.
Thursday, 7 December 2017 - 12:00am