The aim is to build more cohesive and engaged communities by investing in community organisations. The programme will be delivered by a consortium led by the Adventure Capital Fund in association with Futurebuilders England and the Community Alliance.
How much is on offer? The entire programme is worth £70m, although investment in organisations will comprise a mix of loans, grants and non-financial support at different stages of project development, including expert advice and mentoring services.What will it fund? The intention of the programme is to put organisations considered to be "community anchors" on a more stable financial footing so they can move away from dependency on grant funding.
Who can apply? Organisations such as development trusts and multi-purpose community organisations.
Find out more: 0191 261 5200.
