Booster Fund

The Booster Fund supports new and existing community businesses in England that are at all stages of a community share issue. 

This includes the very early stages of exploring whether it’s the right choice, through planning a community share issue to being ready to launch, or in exceptional cases, recently launched. 

The current round of the Booster Fund will be coming to an end in early 2025, as such the deadlines for applications are: 

• 27 November (for the December panel) for equity applications and  

• 29 January (for the February panel) for development grant applications 

What funding is available?

• Pre-grant support: A few days support for early-stage activity to get you started.
• Development grants: Development grants of between £2,000 and £15,000, averaging around £5,000, to prepare a community share offer. This support can cover financial planning, governance support, marketing costs and being assessed for the Community Shares Standard Mark.
• Equity match investment: Investments could range from £10,000 to £100,000, although the typical investment is expected to be £20,000-£50,000. This is an offer of investment to match money raised from the community, providing the minimum share offer target is achieved. Applications for equity match are open to community businesses that are investment ready, including those that have already launched their share offers.
• Subscription underwriting: If you think affordability is an issue for your community investors, our partner Co-operative and Community Finance (CCF) can offer you an interest-free repayable loan to enable people to buy shares through instalments over a maximum of 12 months, with the society receiving the full investment upfront. 
• Loan finance: Through a Booster Fund application, you can also receive help to access loan finance from partner CCF.

How to apply?

Applications are accepted on a rolling basis:

1. Read the Booster Fund application guidance to understand who can apply and what support is available
2. Complete the Booster Fund Expression of Interest form. For Expression of Interest applications, we aim to get back to you within two weeks if you will be invited to make a full application. For full applications, grant and equity investment decisions are made within eight to twelve weeks of application.
3. If you are at an early stage, you can complete this shorter form to enquire about some pre-grant support.

Who can receive support?

Expressions of interest are welcomed from new and existing community businesses. There are also some priorities including:

• Disadvantaged, less affluent and under-represented communities, particularly minoritised ethnicities, young people and communities facing systemic inequality
• Projects that meet critical needs of their communities – we are particularly interested in project that address climate change issues and digital inclusion 

Read the guidance for the full list of priorities.