The Community Shares Booster Programme is a funding scheme to support community share offers. It will invest equity up to £100,000 to match community shares in societies that can demonstrate higher than average levels of community impact, innovation and engagement.
The programme will also provide development grants of up to £10,000 to help societies get investment ready and meet standards of good practice. Match funding will be in the form of equity held on equal terms with other community shareholders.
The objectives of this new Booster Programme are to help disadvantaged and under-represented communities develop successful community businesses, especially in under-represented trade sectors, and financed through community share offers based on new forms of investment proposition, institutional support, and business appraisal methodologies. The programme is aimed at new and existing community businesses; it is not suitable for newly formed community groups that are in the early stages of developing a community business proposal.
Applications are accepted on a rolling basis, with grant and investment decisions made within eight weeks of application. Development grants are aimed at societies requiring support to prepare their community share offers and obtain the Community Shares Standard Mark. Applications for equity match are open to societies that are investment ready, including those that have already launched their share offers.
There is also a FAQ webinar scheduled for Wednesday 13th December. Book your place here.