Launch of £50k fund for community energy in Bristol
Social enterprises get boost from new fund run by CSE
25 February 2011
Bristol City Council is financing a new scheme to support the development of community-owned and community-driven sustainable energy enterprises and projects in the Bristol area. The scheme, designed by CSE and the Council, will be administered by CSE.
The Bristol Community Energy Catalyst Fund is a £50,000 'revolving' fund that aims to help community projects make the transition from 'well-thought-through idea' to a successful working enterprise.
“The Catalyst Fund will give local community energy projects and social enterprises the kick-start they need,” said CSE’s Chief Executive, Simon Roberts.
“It will help them get through the key business development hurdles such as feasibility and legal documentation, and on towards their goal, whether it be solar panels, a biomass boiler or any other energy saving scheme. Once their project is up and running – and making a profit – those able to benefit from the funding will be expected to reinvest their initial amount back into the fund to ensure others can be helped in the same way.”
The maximum investment is envisaged to be £15,000 and activities supported by the Catalyst Fund will be treated as ‘open source’ and shared with other community organisations.
CSE will run two workshops in March 2011 designed to support potential applicants.
Click here for more information and details of how to apply.