Get support for your Community Share via The Booster Fund

A fund which supports communities looking for help and advice on carrying out a community shares issue has reopened.

The Booster Fund supports new and existing community businesses in England 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.

What is a community share issue?

Community Shares provide a way for community-focused enterprises to raise capital by offering shares to the public.

Investors can support local businesses and projects, gain a democratic say in the enterprise’s decision-making.

They offer a unique opportunity for individuals to invest in local businesses and projects that benefit their communities.

They enable people to contribute to the development and success of initiatives that they believe in, while also having a democratic say in the enterprise’s direction and management.

Since 2012 hundreds of millions of pounds have been raised via Community Shares to protect community assets such pubs, post offices and local shops.

What can you apply for?

Applications can be made for development grants (averaging £5,000). This can be used prepare a community share offer on issues such as financial planning and marketing costs.

An equity match investment can also be applied for. Typically, this matches £1 for £1 up to £25,000, invested by the Booster Fund

This is, providing the minimum share target is achieved.

For more help and advice on business grant funding. Get in touch today.