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Power to Change

Community Business Market 2024 report: community business impact in 2024

Power to Change's Community Business Market 2024 report, introduced by chief executive Tim Davies-Pugh as the trust enters its tenth year, reveals a community business sector that remains stable and resilient while empowering communities. The report draws on the trust's annual market research to show the scale, income, assets and local impact of community businesses across England and the challenges they face.

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About

Power to Change is an independent trust that strengthens community businesses in England, backing locally rooted, community-led enterprises through funding, research and policy work.

Key Metrics

£154,000 median income of a community business in 2024, above pre-pandemic levels (£140,554 in 2019)
68% of community businesses pay all their staff at least the real Living Wage
424 community businesses surveyed for the Community Business Market 2024 report

Key Outcomes

  • Evidence base on the size and resilience of England's community business sector
  • Community-led local economies and community-owned spaces supported
  • Policy insight for national, regional and local government

Geography

England

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