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Thursday, October 18th, 2018

Funding to make community spaces more sustainable – Co-op Foundation

The Co-op Foundation is offering interest free loans for enterprising ideas to improve community spaces. Community organisations that manage community buildings and outdoor spaces such as parks and community centres; etc which are for the use of the whole community can apply for loans to grow their trading activities to generate more sustainable income.

The Co-op Foundation can offer:

  • Interest-free loans of up to £50,000 towards viable business ideas that will benefit the whole community – particularly those facing greater challenges.
  • No repayments for the first year, while your trading activities are developing.
  • If you are based in a more deprived area, or your work mainly benefits more disadvantaged members of the community, they might also be able to offer some grant funding alongside a loan.

Applicants will need to fill out an expression of interest.

Applications can be submitted at any time.

More information from Co-op’s blog post: Community is everybody’s business