Community Dividend Fund success highlighted with inspirational story
Posted by Rob Smyth | 05/01/2017 | Category: Community
A Community Dividend Fund that has supported over 100 groups and organisations in the past 12 months is having an even greater impact on the communities served by Central England Co-operative.
The Society recently became the first Co-operative of its type to publish a Social Return on Investment report, which takes an in-depth look at the impact of its community work.
The results showcased that for every £1 that the Society invests in community projects, the monetary value of the impact made by these good causes is on average worth a massive £20.50.
A more detailed breakdown has revealed has revealed that for every £1 spent on the Community Dividend Fund, a social return of £22.21 was generated.
The Community Dividend Fund is a grant that members can apply for on behalf of community groups, schools and charities.
People can ask for anything from £100 to £5,000 and the fund comes from 1% of Central England Co-operative’s trading profit.
Over £2million has been handed out across 16 counties since its inception in 2007 and the Social Return on Investment was calculated on data based on the award of 116 grants totalling £266,959 over a 12 month period.
On average, 118 people benefit from each grant, and 81 per cent of grants are given to groups working with children or young people.
One organisation to have benefited is Help Harry Help Others, a cancer support charity set up following the death of Harry Moseley who was diagnosed with an inoperable brain tumour when he was aged 11.
However, Harry’s legacy continues on with his charity Help Harry Help Others in a bid to not only help find a cure for brain cancer but also to help children and their families affected by any type of cancer.
One key project focuses on offering bereavement support facilities at the Help Harry Help Others Cancer Support Drop-in Centre, in Birmingham. The support centre was created to offer a ‘home from home’ environment to patients and anyone touched by cancer. Last year the centre was awarded a Community
Dividend Fund grant of £3,500 to pay for new equipment for patients and their families to use.
Georgina Moseley, Harry’s mum, spoke of the huge impact that the grant from the Community Dividend Fund made to the charity in a specially created film.
She said: “We were in a desperate situation. We needed support and equipment and we were finding it very difficult to find the means to pay for it all.
“We were so pleased when we were told about Central England Co-operative’s Community Dividend Fund and then even more pleased when we were told that we were eligible.
“It was very quick, very easy and all involved were great to work with. We would always recommend other similar groups seek out support from the Community Fund if they are eligible as it is a vital resource.”
People can apply for funding by visiting https://communities.centralengland.coop/ or heading in store to pick up an application form.
Potential applicants have to have been a Central England Co-operative member for six months, the project should be in the trading area of a Central England Co-operative store and all applications will need a referee.