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News & Stories > The Community Shares Booster Fund is a Funding Scheme to Support Community Share Offers.

The Community Shares Booster Fund is a Funding Scheme to Support Community Share Offers.

Active Derbyshire, Active Notts, Funding, News

The Booster Fund supports new and existing community businesses that are at all stages of a community share issue.

This includes the very early stages of exploring whether it’s the right choice, through planning a community share issue to being ready to launch, or in exceptional cases, recently launched. 

What funding is available?

Funding support includes:

  • Pre-grant support: A few days support for early-stage activity to get you started.
  • Development grants: They expect to award development grants of between £2,000 and £10,000, averaging around £5,000, to prepare a community share offer.
  • Equity match investment: Investments could range from £10,000 to £100,000, although the typical investment is expected to be £20,000-£50,000. This is an offer of investment to match money raised from the community.

Successful applicants will also get…

… free membership of Co-operatives UK for a year which brings many benefits for community organisations/businesses.

Applications are accepted on a rolling basis.

Click here for more information.

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