Community businesses are being invited to apply for grants of between £50,000 and £300,000 for projects that will make them more sustainable.
Power to Change, a trust that supports community businesses in England, published guidance for interested parties on its website today and will accept applications from 24 April to 22 May.
Power to Change received £149m from the Big Lottery Fund in 2015 to award grants over seven to 10 years.
It expects 25 to 30 organisations to share £5m in this latest funding round from its flagship community business fund.
The community business fund has so far supported 90 organisations, including a community-run cinema in Newcastle, a ferry in Bristol and a lobster hatchery to preserve shellfish stocks and sustain local fishing in Northumberland.
Colette Harvey, programme manager at Power to Change, said: "We are really proud of the number and breadth of community businesses this fund has supported in its relatively short life."
Power to Change will host a webinar on 26 April to give an overview of the eligibility criteria.
The next round of the community business fund will open in September 2018, with grant awards being made in early 2019. There will be further rounds in 2019.
Organisations with questions about applying can contact Power to Change's grant partner, BE Group, on 0300 1240444 or firstname.lastname@example.org.