Bright Ideas Fund

Round 1 of the Bright Ideas Fund is now closed. Round 2 opens in April 2017.

The Community Business Bright Ideas Fund aims to give your community group the support and tools to start setting up your community business. It will also give your group the early stage finance that you need need to carry out consultation with local people and feasibility studies to develop a community business idea the community wants and needs.

Amount available per grant

A programme of support and grants of up to £20,000 is available to develop your community business idea.

What is a community business?

A community business is set up and led by local people to look after what matters to them. Any profits flow back into the business to deliver positive local impact.

Watch some case studies to hear some community business ideas.

What the Bright Ideas Fund offers

  • Online induction and ongoing support, either online, by phone or where possible through visits
  • Community Business development plans, to help successful groups shape and develop strategies and plans for their community business
  • Mentoring and visits, to inspire applicants and give them the opportunity to learn from peers
  • Regional networking and events, to learn from social finance experts, successful community business leaders, funders and technical specialists.

Watch the Bright Ideas Fund FAQs webinar

Register to watch the recording of the Bright Ideas Fund FAQs webinar to find out more about the fund criteria, application process and FAQs here.

Key dates

April 2017: Second window opens

September 2017: Third window opens

February 2018: Fourth window opens

Read the Guidance Notes first

Please ensure that before you apply you read the Guidance Notes cover to cover.

They contain all you need to know about the fund and the application process.

Download: Bright Ideas Fund Guidance Notes

Frequently asked questions

Got a question? Here are some of the most frequently asked by applicants to the Bright Ideas Fund.

FAQs - Bright Ideas Fund

Apply

The Eligibility Checker for the Bright Ideas Fund is closed.

There will be further rounds of funding in April 2017, September 2017 and February 2018.