The Community Business ReBoost Fund is provided by Power to Change and run in partnership with the Community Shares Unit (CSU), a joint initiative between Co-operatives UK and Locality. ReBoost is part of Community Business Renewal Initiative, a £5 million support package.
The funding is intended to support community businesses to raise community shares capital that can support their recovery, pivot or expand the business in response to coronavirus/COVID-19.
The following support is available:
- Development grants – between £3,000 and £5,000 to prepare a recovery community share offe and be awarded the Community Shares Standard Mark. The grant should be approximately 10% of the community share offer target.
- Match equity investment – typically matching pound for pound up to £25,000 invested by the ReBoost fund. The investment is expected to support at least 12 share offers between November 2020 and April 2021.
Note - Deadlines are December 2nd, January 6th, and February 3rd