£70m Communitybuilders Fund opens
The government's £70m Communitybuilders fund, which will help community groups transform into sustainable community enterprises, is now inviting applications.
The Adventure Capital Fund (ACF), which manages the fund in partnership with Futurebuilders England and the Community Alliance, confirmed this week that all funding packages and details had been given the green light by the Office of the Third Sector and Communities and Local Government. The fund will provide development, feasibility or investment packages of loans and grants ranging from £2,000-£2m to organisations in England, helping them grow and reduce their reliance on grants. Development investments include a mentoring 'supporter', who will lead organisations through an 'honest exploration of the health of the organisation'.
To be eligible, organisations must be based in England, have a track record of community involvement and be locally controlled by local people or representatives of local groups making the spending, staffing and other decisions. To find out more about the fund, the eligibility criteria and to register interest, visit:
http://communitybuildersfund.org.uk or call 0191 261 5200.
