Exeter Observer has been granted £12,630 of development support by the Reach Fund, a grant programme that helps charities and social enterprises prepare to raise investment.
The programme is funded by Access - The Foundation for Social Investment and is administered by Social Investment Business, which works in partnership with a wide range of charity and social enterprise investors.
The support is to help Exeter Observer prepare to raise investment finance to help it expand its operations and place its independent public interest news publishing on a sustainable footing.
It follows the development support we were granted by Co-ops UK last year, and will be used to prepare and promote a community share offer we are planning to launch in the spring.