The C-19 Emergency Trading Income Support Scheme is part of Power to Change’s £12 million emergency support package to provide both immediate and medium-term help for community businesses facing a loss of trading income through COVID-19. Find out more about the scheme with the Power to Change webinar taking place on 6th May at 1pm via Zoom.
This first pot of funding is the C-19 Emergency Trading Income Support Scheme and is available to current and previous Power to Change grantees, and to community businesses which are members of Power to Change’s strategic partners – Co-operatives UK, Locality and the Plunkett Foundation – all of whom played a key role in designing this response.
Later this year, we will be launching a recovery fund. Read more about the full £12m emergency support scheme.
What is the C-19 Emergency Trading Income Support Scheme?
The C-19 Emergency Trading Income Support Scheme provides emergency finance in the form of small grants to community businesses in England, as a contribution towards trading income lost as a result of COVID-19. We have dedicated £5 million to this scheme to support current and past grantees of Power to Change, and community businesses who are members of our core strategic partners Locality, Co-operatives UK, and Plunkett Foundation.
Is it open for applications?
Eligible Power to Change grantees and Cooperatives UK, Locality and Plunkett Foundation members will be invited to apply to the C-19 Emergency Trading Income Support Scheme.
Who can apply?
The C-19 C-19 Emergency Trading Income Support scheme will open for applications in two rounds in May across two weeks.
Round 1 opens 12 May 10am – the round will close when it reaches 150 applications. Around £3 million will be awarded to around 150 community businesses.
Round 2 opens 19 May 10am – we will be awarding around £2 million to 100 community businesses.
What can you apply for?
Community businesses accepted on to the scheme will receive a grant of up to £25,000 to contribute towards trading income lost between April to June 2020 as a result of COVID-19. The grant size will be calculated based on your trading income from April 2019 – March 2020, and will be equal to 25% of trading income for that period or £25,000 – whichever is lower.