21 October 2011

Communitybuilders are looking for up to six established organisations that are promising examples of sustainable, community regeneration projects in England to be pioneer investees of the new era of the Communitybuilders Fund.

Investment of £250,000 - £750,000 is available. Communitybuilders is primarily a loan fund and investments will have a minimum 80% loan element. Communitybuilders will charge an interest rate of 5% on the loan.

Funding can be used for:

• Property renovations and refurbishments
• Property or land purchases (and some related fees like architects and surveyors)
• Purchase of vehicles
• IT equipment
• Fixtures and fittings.

Organisations must be able to demonstrate impact in their communities and have credible plans for financially sustainable initiatives that can become flagship investees for Communitybuilders.

Communitybuilders are particularly interested in supporting community anchors based in England's most deprived neighbourhoods or those that can demonstrate financial contributions from their community.

You can visit the Communitybuilders website here for more information.

There is an online eligibility checker to check if you can apply, you can access the eligibility checker here.

Deadline: 9 December 2011
Contact: Communitybuilders Fund
Telephone: 0191 269 2276
Email: info@thesocialinvestmentbusiness.org
Website: http://www.communitybuildersfund.org.uk/cb2