New research published ahead of Power to Change grant programme launch
Community shares continues to be recognised as a valuable form of social finance, highlighted in two recent reports emerging from the social investment and community enterprise sector.
Encouragingly, a growing number of practitioners calling for greater perspective over the hyped social investment sector recognised that community shares was an important approach to make social investment more successful and more social. The Alternative Commission on Social Investment published their 50 recommendations in their main report - After the Gold Rush
Coming off the back of this initiative was an investigation into the UK’s emerging community business sector. The report by Social Finance, was commissioned by Power to Change – a new £150m Big Lottery-backed initiative which launches its grant programmes in earnest this month.
Community enterprises will soon be able to apply to its Initial Grants Programme (IGP), an initiative that has been specifically designed to help new and existing community businesses. The criteria for this grant programme has already been published to help groups see if their eligible before application.