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.