Monday, November 21, 2011

Funding for Community Shops


The Village Retail Services Association in partnership with Esmee Fairbairn Foundation and Co-operative and Community Finance have funding available to support the start up  of new Community owned shops in rural areas of England or  to save an existing shop by transfer to community ownership. The funding which will be available over the next three years will provide up to £40,000 per shop. This will be made up of a grant of £20,000 together with a loan of £20,000 from Co-operative and Community Finance.

Eligible applicants will include community based organisations located in rural communities of not less than 300 residents. The community is required to raise match funding through community contributions, which could take the form of share capital, donations raised through community fundraising events and grants obtained from other sources to the same or greater value than the grant requested from the Village CORE Programme. At least some of the funds raised should have been provided by the community itself and not solely through external grants.

The application process commences with a telephone interview with one of the programme managers. If the community appear to meet the criteria within the programme timeframe and if Village Core funds are available, application forms are sent electronically where possible to the main contact person on the committee.  The forms must be returned within 6 weeks of the telephone interview.

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