Community Shares Booster Programme
The Community Shares Booster Programme is a new initiative to support and stimulate public involvement with community share offers in England, particularly in more disadvantaged areas and sectors where community businesses are under-represented.
It is being delivered by Co-operatives UK and Locality, via the Community Shares Unit (CSU), funded by The Power to Change (PtC), and is taking place during 2016 with a contribution of £1 million.
The programme is intended to be an exploratory programme, in which new and innovative models for community shares can explored through working with a series of groups which receive support at all the key stages, namely: development, offer period and post-launch.
On this basis, beneficiary groups will receive a small development support grant at the pre-launch stage, have access to match funding in the form of an equity investment by Co- operatives UK at the point of the community share offer, as well as the prospect of further support at the post-offer stage, linked to the equity investment.