New support for community enterprise

A new independent grant making foundation set up to support community businesses has received substantial lottery funding. The £150 million endowment fund for the Power to Change foundation will allow it to provide financial and other kinds of support, such as training, to help people set up sustainable local community businesses across England.

A community business (aka community enterprise) is set up to achieve social and economic improvements in their local neighbourhoods, villages and town centres. See Big Lottery Fund press release, or go direct to The Power to Change website for further details, http://www.thepowertochange.org.uk/.