Communitybuilders Reopens for Applications
The Social Investment Business has announced the re-launch of the Communitybuilders fund to encourage regeneration projects across deprived areas of England.
This round is looking for up to 6 of the best examples of sustainable community regeneration projects in England to be pioneer investees of the new Communitybuilders Fund.
Applications are welcomed from exceptional, established organisations who are able to demonstrate impact in their communities and have plans for financially sustainable initiatives who can become flagship investees for Communitybuilders.
Applications are particularly welcomed from projects supporting community anchors based in England’s most deprived neighbourhoods or those that can demonstrate financial contributions from their community.
The fund will primarily support capital costs including:
* Property renovations and refurbishments.
* Property or land purchases (and some related fees like architects and surveyors).
* Purchase of vehicles.
* IT equipment.
* Fixtures and fittings.
The minimum investment available is £250,000 and the maximum that can be applied for is £750,000.
Communitybuilders is primarily a loan fund and investments will have a minimum 80% loan element. Interest will be charged at 5% on the loan.