Last chance for a little while for UK based Community Spaces to apply for a loan of up to £50,000 to grow their trading activities and become more sustainable.
Over the past two years, the Co-op Foundation has awarded more than £2.1 million in interest-free loans and grants to help community spaces all over the UK build their trading activities and become more financially sustainable.
Spaces supported include a community-run lido in Cornwall, a village hall in the Hebrides and a co-operative farm in Northern Ireland.
Grangetown United, a community centre in the north east of England, received £80,000 of investment to help turn a derelict building into a vibrant hub for local people. ‘If the centre wasn’t open I’d just be sat at home…’ Watch the lovely video here or read more
We are proud to have supported the development and roll out of this highly successful fund, in an advisory capacity. The fund will pause after Christmas to evaluate its success and anticipated to reopen at some point later in 2020. The deadline for final applications is 31st December 2019. Click here to find out more and submit your application before the end of the year.
Today, 10th December, is Human Rights Day, a United Nations designated Day.
The date was chosen to honour the UN’s adoption and proclamation, shortly after World War II, on 10 December 1948, of the Universal Declaration of Human Rights (UDHR).
This was the first global articulation of human rights. Many women were involved in its creation and development, not least Eleanor Roosevelt who was ultimately, posthumously, awarded the United Nations Human Rights Prize.
Human rights are at the foundation of co-ops and co-operative working. They are the original social enterprises, businesses that put people and planet first, recognising that we can trade, thrive and do business with one another, only if we have a healthy environment and society to do that within.
Like the UDHR, co-operatives businesses are based on clearly stated values and principles – read them here These steer our work, guide our decisions and help us do what we’ve set out to – live thrive, and care for others. Movements like FairTrade are closely connected with co-ops, and many co-ops choose to trade in only, or mostly, fairly and ethically traded goods.
We wish all our fellow co-operators a very happy Human Rights Day.
The Somerset community woodland was named national winner of the Connecting the Community Award, which we were proud to sponsor, at the Plunkett Foundation Rural Community Business Awards 2019
Neroche Woodlanders – a social enterprise based at Young Wood on the edge of the Blackdown Hills – has beaten competition from across the country to win the award, which celebrates a business that is tackling loneliness and isolation in rural areas.
The Plunkett Foundation supports rural communities across the UK to tackle the issues they face through community business.
James Alcock, Chief Executive of the Plunkett Foundation, said: “Neroche Woodlanders have made a huge difference to a lot of people. The small touch of working with a local bus company to connect services and bring people to the woods is an example of how they literally go the extra mile to help. This community business brings people together. They are very worthy recipients of the Connecting the Community Award and they will be an inspiration to others across the country. I’m delighted to be able to celebrate their continued success with this award.”
Twenty one community businesses were shortlisted for the 2019 Rural Community Business Awards. Finalists ranged from farms and pubs to cafés, shops and a woodland.
Tim Coomer, Business Development Manager at Co-operative & Community Finance, said: “We are thrilled for Neroche Woodlanders. Their programmes of work supporting the health and well-being of families and young and old alike through education and physical activity is a fantastic way to support their local community. Young Wood sounds like an amazing and inspirational place and in community stewardship will, I’m sure, be protected and managed for many future generations to come.”
The Plunkett Foundation is marking its centenary year. Since 2013 the charity has been recognising community businesses with their annual awards. This year the awards featured seven categories – all of which celebrate the achievements of groups across the country who have come together in community organisations and found the answer to the challenges they face through community businesses.
The awards ceremony took place on Wednesday 27 November at Burlington House in London.
In total, 21 amazing organisations including community shops, pubs farms and even a woodland, have been shortlisted across seven awards categories.
Plunkett Foundation and Co-operative and Community Finance have worked together on supporting rural community business for many years. We are partners in the vibrant More Than A Pub Programme and both organisations, and the teams within them, are committed to supporting communities to take control of their economic activity and future. It’s an honour and a privilege to work with so many committed groups of people up and down the country who are taking their local economic activity into their own hands, and we’re thrilled to see seven of our own borrowers on the shortlist.
The Awards Ceremony takes place on Wednesday 27 November at Burlington House in London – our fingers are crossed and we wish all the shortlisted businesses the very best of luck.
Community Businesses like these are often a lifeline to the people they serve, providing a once again beating heart in communities who have lost amenities and services. We’re always glad to work with member-owned organisations supporting their communities and we wish all finalists – not just our seven! – the very best of luck for the awards ceremony on the 27th November.
Are you interested in how responsible and sustainable finance can be used to make economic development work for people and the environment, as well as for profit?
We are and we’ll be joining Triodos Bank and Finance Bristol & Bath for a business breakfast to discuss it all on the 4th of December – you’re invited too!
The event will look at specific examples from Bristol and will use the Sustainable Development Goals to better understand how our economy could become ‘regenerative by design’ (Kate Raworth). This will be an interactive session with experts and practitioners involved in collaborative conversations.
It is hoped that the session will help begin the development of a ‘Bristol Approach’ to economic development, with input from the start from those thinking about finance and investment through the lens of responsibility and sustainability.
Do you run an organisation or project that exists to improve your local neighbourhood, village or town? Do you run it like a business, but re-invest profits to benefit your local community?
Running organisations and projects like these is different from running other types of business. So the support programme will help you gain the head-space, support network and funding you need to grow a stronger, more sustainable community business.
An opportunity to meet regularly with other people running organisations like yours, so you can help each other out
Programme objectives
Grow a stronger, more sustainable community business or project
Increase your income from trading and sales
Benefit from time to reflect and map out next steps
Improve your leadership and business skills
Build a support network of other people running organisations like yours
The Community Business Trade Up Programmewill support 80 organisations in England focused on improving their local area. It’s run by the School for Social Entrepreneurs, in partnership with Power to Change. It’s offering:
A free learning programme, to develop income and impact
A Match Trading grant of up to £10,000
A community of supportive peers
The Community Business Trade Up Programme is run in partnership with Power to Change. Together, we have already supported more than 200 community businesses and other projects improving their local area.
Next week we will be part of a fantastic More Than a Pub event in London hosted by The Ivy House, community-owned since 2013.
The event will cover all things related to community pubs. Tickets are free and travel bursaries are available. You will be able to hear from three fabulous, and very different, community pub groups!
Topics will cover fundraising, community shares, community engagement, loan and grant finance, support available under the MTAP programme and more…In fact, the event will be tailored to you, as upon booking you can share the topics you would like us to cover and we will build it into the agenda!
One of the oldest organisations in Yorkshire that supports survivors of domestic abuse and sexual exploitation has bought a town centre office building thanks to the co-operation of several responsible finance organisations.
On 22 October Rotherham Rise completed the purchase of the Grade II listed building in Rotherham High Street that it already occupied together with other tenants. The building, which is to be renamed Rise House, provides 1,000 sq ft of office and retail space. Rotherham Rise uses about two-thirds of the accommodation and will now receive rent from the tenants of the other offices, thereby providing a new income stream. Rise is redeveloping the ground floor retail area as a cafe, which is scheduled to open by the end of November.
Sue Wynne, chief executive of Rotherham Rise, said: “The market for rented offices in Rotherham does not favour not-for-profit organisations like us. We have had to move premises several times in the last 10 years and it’s been expensive and disruptive. We have been wanting to buy somewhere for a while now so that our working environment is stable and sustainable.”
Rise had been planning to purchase a building and saw an opportunity at the High Street premises when they moved in as tenants at the end of 2018. They then started to look at options of how to achieve this. The purchase was made possible by Co-operative & Community Finance, Co-op Loan Fund and Key Fund collaborating on a package of long-term loans. The Co-op Foundation has provided loan and grant finance for the fitting out of the cafe.
As a result of the purchase and the new income from tenants and the cafe, Rise will be in a stronger financial position and it will not have to worry about moving premises again. This leaves the organisation free to concentrate on providing its comprehensive range of services that include refuge accommodation, support services, therapeutic services, pathway services, and training in domestic abuse awareness.
Rotherham Rise was established in 1976. Today it has 30 employees and is in the process of recruiting three project workers and it is also advertising for the voluntary post of treasurer.
Sue Wynne said: “Over the last 10 years there has been a very significant increase in the demand for our services. This is a good thing because it shows a greater awareness of domestic abuse and a willingness to report it. There has been a big leap in self-referrals. It’s been a challenge for us to keep pace with demand. Our main focus has been to ensure that people in need of our support don’t have to wait too long. Looking ahead, we are developing more pathways to our services that support people throughout the journey from victim to survivor.”
Ian Rothwell, investment manager of Co-operative & Community Finance, which manages Co-op Loan Fund, said: “It is great that we were able to help such a worthwhile organisation to secure its accommodation and improve its sustainability. This is also a good example of responsible finance organisations working together to provide appropriate lending that makes a big difference to those providing support to vulnerable people.”
Co-operatives UK popular Practitioners Forum is an annual sell-out, for very good reason. It offers superb, practical, professional development for people operating in key roles in co-operative businesses large and small.
Coming up in November, Practitioners Forum is made up of a series of specialist forums covering Communications, Finance, Governance, HR and Membership. Delegates are able to mix and match across forums creating a fantastic professional development opportunity for co-operative practitioners to learn from experts and network with peers.
Sessions this year include, ‘When will I be famous?’ which looks at generating broadcast media coverage for your co-op, a tax update from KPMG, peer to peer mental health support and much, much more.
Practitioners Forum 2019 takes place at The Studio, Manchester on Thursday 7 November. Book your place soon if you want to go! Unfortunately we can’t be there this year but if you do get to go along and come back inspired to start a new venture or have unanswered questions about finance then please do drop us a line!