Interest-free loans from Co-op Foundation for community spaces

13th September 2018

The Co-op Foundation is offering interest-free loans of up to £50,000 towards viable business ideas that will improve community spaces and benefit the whole community – particularly those facing greater challenges.

Loans are repayable but can be interest-free for up to five years. There are 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.”

Is this funding right for you?

  • Your organisation must be run for the benefit of the community and not for private profit.
  • Your organisation must own or manage a building or outdoor space that is used for a wide range of community activities.
  • A wide range of local people must be involved in your work.
  • Trading activities must be realistic and increase long-term income.
  • This is loan funding so it must be repaid – is this practical for your organisation?

Interested?

Complete the expression of interest form.

Questions?

Email foundation@coop.co.uk