The Community Builders Fund
Story posted 08/03/2010 11:21 by Zel Rodgers
The Communitybuilders Fund offers loans, grants and business support. There are three different elements to the fund which are meant to meet the needs of organisations at different stages in their journey to sustainability. They are Development, Feasibility and Investment.
The Feasibility element of the Fund is for organisations that have ideas and need assistance with project development. The aim is to develop organisations to such a level that they can qualify for investment. This part of the fund can provide business development grants of £10,000 - £20, 000 for project develpment. There will also be a handful of grants of up to £75,000 for larger projects.
The Investment element of the Fund is for organisations that are ready to grow and expand their role within the community and are on the way towards financial self-reliance through the generation of unrestricted and/or earned income. Loans are a fundamental part of this element and bringing organisations to the point where they are ready to take on a loan is the ultimate aim of the Fund.
