The Big Lottery Fund has awarded a £150m endowment to the Power to Change, a new independent grant-making foundation that will champion community businesses across England.
The Power to Change will be the largest trust of its kind in Europe and will provide funding and support to existing and new community businesses. Backed by Trinity Mirror and the National Lottery, the Power to Change will support local people who want to save their local library or leisure centre, run their community shop or pub, or start new enterprises to regenerate a neighbourhood or high street. It is envisaged that a full range of the Power to Change funding programmes and support activities will be rolled out later this year. In the meantime the Power to Change will operate an initial grants programme, in conjunction with a call for Community Business Champions to identify existing community businesses already making a difference in their local areas and providing inspiration for others.