Aims/priorities: In response to the coronavirus pandemic, Power to Change have launched a £12 million crisis support package to provide immediate and medium-term support for community businesses supporting the vulnerable and isolated in England.
Amount: The emergency package includes £7 million in rescue funding, which offers grants of up to £25,000 to contribute to trading incomes losses incurred between April and June 2020. This will initially be available to current and previous Power to Change grantees and to community businesses which are members of Co-operatives UK, Locality and Plunket Foundation.
£5 million in recovery funding will be made available later in the year to help rebuilding and recovery.
The support package will be open for applications from the 11 May 2020.
Find out more at www.powertochange.org.uk/get-support/covid-19/