Improving community spaces loans – Co-op Foundation
Interest free loans are available for enterprising ideas to improve community spaces.
Places and spaces for people to come together and enjoy shared interests are vitally important for building stronger communities. Venues such as parks and community centres need regular income so they can continue to meet the needs of people who use them, love them, and rely on them for local services and social contact.
If your community organisation is thinking about growing its trading activities to generate more sustainable income, the Co-op Foundation might be able to help your plans take off. They offer:
- Interest-free loans of up to £50,000 towards viable business ideas that will benefit the whole community – particularly those facing greater challenges.
- No repayments for the first year, while your trading activities are developing
- If you are based in a more deprived area, or your work mainly benefits more disadvantaged members of the community, we might also be able to offer some grant funding alongside a loan