In order to gain funding from a variety of sources you may need to become a Community Interest Company (CIC). The level of community involvement varies, some CICs depend on the input of the community whereas others undertake actions on their behalf.
Case Study Example: A community-led partnership was formed by Bucklebury residents with support from the Environment Agency and West Berkshire Council to deliver a flood alleviation for their village in Berkshire. The villagers set up a CIC after the floods of 2007 to enable them to raise funding and to work towards preventing future flooding. The scheme cost £600,000. £65,000 was raised from residents and £550,000 was provided by Bucklebury Parish Council and the Thames Regional Flood Defence Committee. The flood alleviation scheme included building bunds, digging a bypass channel and developing a new ford to divert flood flows around the village.