One of the ways we are making it easier for community businesses to access capital is by using our grant funding to unlock extra investment from social investors – this is known as blended funding. Power to Change has teamed up with two innovative organisations, Key Fund and Social and Sustainable Capital (SASC) to make new and affordable options available.  Through these partnerships, we are using Power to Change grant funding to make affordable social finance loans available to community businesses who would not be able to access appropriate capital without our support.  

The majority of the funding allocated to this initial programme has been committed. For more details, see Key Fund’s and SASC’s respective websites.

Community business Higher Rhythm was able to buy their building with blended finance

What we have funded with Key Fund

Action for Business (Bradford) – a £92,000 Power to Change grant  unlocked a £156,859 Key Fund loan to fund the new Carlisle Community Centre.
Barnsley Community Build – a £100,000 Power to Change grant unlocked a £300,000 Key Fund loan to buy properties as live building projects and homes for trainees.
Beverley Cherry Tree Community Centre – a £10,000 Power to Change grant unlocked a £10,000 Key Fund loan
Higher Rhythm Limited – a £40,000 Power to Change grant unlocked a £50,000 Key Fund loan to purchase their building and secure the future of the community media hub.
JC Ready4Work –a £40,000 Power to Change grant unlocked a £60,000 Key Fund loan
Levenshulme Inspire Community Enterprises CIC – a £7,500 Power to Change grant unlocked a £17,000 Key Fund loan
Manvers Lake & Dearne Valley Trust – a £30,000 Power to Change grant unlocked a £70,000 Key Fund loan.
Riverside Stewardship Company Ltd – a £25,000 Power to Change grant unlocked a £50,000 Key Fund loan
STEP Development Trust a £19,300 Power to Change grant unlocked a £56,000 Key Fund loan
The Works Skate Park – a £12,000 Power to Change grant unlocked a £68,000 Key Fund loan
Theatre Royal Wakefield – a £100,000 Power to Change grant unlocked a £100,000 Key Fund loan
Vauxhall Neighbourhood Councill – a £30,000 Power to Change grant unlocked a £60,000 Key Fund loan
Whitwood Golf Club Ltd – a £88,000 Power to Change grant unlocked a £132,000 Key Fund loan
What we have funded with SASC
Bristol Energy Co-op – a £155,000 Power to Change grant unlocked a £800,000 SASC loan
Child Dynamix – a £80,000 Power to Change grant unlocked a £270,000 SASC loan
Harrogate Skills 4 Living Centre –a £200,000 Power to Change grant unlocked a £830,000 SASC loan
StoreRoom2010 – a £80,000 Power to Change grant unlocked a £364,000 SASC loan