About the programme
Are you based in Greater London? Are you a new or existing community business? Are you looking for help with developing a community share offer?
The Mayor of London has partnered with Co‑operatives UK and Power to Change to support community businesses in Greater London. We want to grow the social economy and support community businesses looking to take community ownership of local public assets.
Find out how to apply for support from Boosting Community Business London, and what support is on offer.
About this guidance
You can read through the guidance using the menu at the bottom of this page, or use the download button at the top of this page to save a pdf copy.
What support was available?
There are two types of support available:
Track 1: Start‑up support
Professional support to the value of £4,000 to access business planning, legal and governance advice and expertise.
New and existing community businesses will receive up to eight days of bespoke business support, mentoring and training. £100,000 is available to support up to 25 organisations.
We can help you to quickly set up your community business, develop your business idea and become a sustainable and growing business.
We can also support existing businesses to convert to a community business to utilise community shares to support the sustainable development of the community business.
Track 1 start up support applications closed on 12 March 2021.
Track 2: Development grants
Grants of up to £10,000 to support the development of your community share offer, such as costs associated with the Standard Mark assessment (the quality assurance mark for community share offers) and promotional spend for the share offer campaign itself.
Up to five community businesses will be awarded a grant of up to £10,000 to help raise capital via a community share offer. The grant is intended to fund specialist advice to help you:
- Create high quality share offer documents.
- Undertaking a Standard Mark assessment, the quality assurance mark for community shares.
- Develop a promotional campaign (to reach potential community shares investors).
- Select the right web platform and cover costs of hosting the share offer online.
Track 2 development grant applications are still open for a short time – as of 18 May 2021.
Types of businesses / projects we are looking to support
We are supporting new and existing community businesses that are planning to launch a community share offer by the end of December 2021.
Community businesses are run by local people for local people. There are many types of community business. What they all have in common is that they are inclusive and give decision making power to local people and that the profits they generate flow back into the community to deliver positive local impact.
We are keen to support groups looking to:
- Revive and take ownership of local assets. This could be to create community hubs or projects helping to revive high streets.
- Protect the services in their local area that people rely on, and address local needs.