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The Bright Ideas fund is currently suspended.

Power to Change has suspended all current funding programmes, including the Bright Ideas programme, as it is focusing its attention on supporting community businesses affected by COVID-19. All future rounds of this programme are currently paused.

Have you started an application?

Any applicant part way through the application process will be considered for Power to Change support. Please contact: brightideas@locality.org.uk to discuss your application.

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Bright Ideas Incubating and Enabling fund

The Bright Ideas Incubating and Enabling fund is looking for community businesses that are supporting new community-led initiatives which have the potential to become community businesses in their own right.

This could be a project that you have been nurturing that with some additional support and advice could be ready to spin off as an independent entity. Or it could be a brand new idea brought to you by members of your community, that you have not had the capacity to explore, but you would like to help get off the ground.

However the idea has come about, the goal should be to create a new standalone community business. This Fund does not support the development of trading arms for organisations.

Bright Ideas provides business development support, grants of up to £15,000, and opportunities to learn from other community businesses.

Watch the Bright Ideas fund webinar

The webinar took place on 3 March at 1:30pm.

In this webinar, you’ll find out more about the fund including who can apply, what a community business is, what you can apply for and how support is delivered. We will also cover the application process including what makes a strong application.

This webinar is an opportunity to hear from Power to Change, Locality and a grantee of the Bright Ideas fund, to tell you how the support has assisted their community business.

1. Read the guidance notes

The Bright Ideas fund is currently suspended.

Please read the Bright Ideas Incubating and Enabling fund guidance notes thoroughly before applying. They will help you to decide whether you are eligible for the community business idea you have in mind and whether the Power to Change Bright Ideas Incubating and Enabling fund is right for you.

The Incubating and Enabling fund guidance notes include information about the types of community businesses that Bright Ideas is designed to support, as well as the criteria that will be used to assess applications.

The Incubating and Enabling fund guidance notes also include the application form questions along with information that will help you to complete the application form.

2. Complete the Bright Ideas Incubating and Enabling fund eligibility checker

The Bright Ideas fund is currently suspended.

You must complete the Bright Ideas Incubating and Enabling fund eligibility checker before you can apply.

The checker will determine whether you are eligible to apply for the funding.

3. Fill in the application form

The Bright Ideas fund is currently suspended.

If you have successfully completed the eligibility checker, you will receive an email that includes a link to the application form.

You can see what questions the application form will include by reading the Incubating and Enabling fund guidance notes.

FAQs

Who can apply?

To be eligible to apply for the Bright Ideas Incubating and Enabling fund, you must:

  • Be based in England
  • Be a community business
  • Be intending to support the growth of a new community business that will be a separate legal entity from your organisation
  • Make sure that the new community business is not a trading arm that will support your organisation (the fund cannot support new trading arms)
  • Be an incorporated or unincorporated organisation, but not an individual
  • Have been established for five years or less
  • Have a charitable purpose, and so must the new community business
  • Make sure your organisation and the new community business is for community benefit
  • Share Power to Change’s impact goals
  • Make sure the new community business is accessible and inclusive
What does the Bright Ideas Incubating and Enabling fund offer?

1. Community business development support

Up to 12 days of business development support from Locality, Plunkett Foundation, or Co-operatives UK. The support will be structured in a way that best meets your needs and could involve working one to one or in group sessions with your leadership team. Topics covered could include:

  • incorporation, legal structures and governance
  • community engagement and accountability
  • business planning
  • financial modelling
  • market research
  • community shares
  • getting ready to trade
  • securing and developing an asset

2. Grant funding

The opportunity to apply for a grant of up to £15,000 which can be spent on specific activities to develop your community business idea.

3. Learning and peer networking

Access to online resources, thematic webinars and the opportunity to visit and learn from existing community businesses.

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