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  • The Coalfields Regeneration Trust - Coalfields Community Challenge

    Created: 26/10/2017

    The Coalfields Regeneration Trust is looking for enterprising organisations to take part in the 2017 Coalfields Community Challenge. The aims of the fund are to:

    • Support entrepreneurial organisations to overcome barriers to developing their business idea, both new and existing ideas will be considered;
    • Encourage enterprise development for organisations addressing skills development, employment and improving health and wellbeing.

    Awards up to a maximum of £10,000 will be made to a limited number of applicants on a competitive basis at a Dragons' Den style event. To be eligible to apply the applicant must be:

    • Located in a former Coalfield community;
    • Demonstrate a clear business idea;
    • Able to commence the project by 31 March 2018 and spend any award made within one year;
    • Have an annual income of less than £100 000.

    Applications will be assessed on the following criteria:

    • Quality of the business idea;
    • Evidence of the market;
    • Potential impact of your idea on your organisation;
    • How realistic and clearly explained the project costs are;
    • Quantifiable measures of success.

    Up to five entries will be selected to pitch their idea to the Coalfields Community Challenge Dragons Den. Their assessment team will identify up to five ideas which hold the greatest potential to develop their social enterprise and benefit former coalfield communities. Additionally, they will look at evidence of need, market for the social enterprise and the capacity of the organisation to deliver the work. Successful applicants will receive a package of business and development support tailored to help them develop their idea. In addition they will be given the chance to take part in the Dragons' Den where they will have the opportunity to pitch for one of the financial prizes. For those not selected they will where possible provide advice and/or support to help you progress the idea. In the first instance and to check for eligibility please contact David Wright on 01259 272 127 or e-mail [email protected].

    The deadline for applications is Friday 10 November 2017.

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