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