The Community Radio Fund, managed by Ofcom with funding from the Department for Culture, Media and Sport, offers two funding rounds each year. The second round for 2017 has now opened to radio stations that are not-for-profit, run by local people for local people about local issues. 
Each funding round has around £200,000 available for grants. There is no set level of funding. Grants can range from about £2,000 to around £19,000 with an average grant of about £14,000. Grants will be made as a single lump sum and are to cover a one-year period only.
Grants can only be made to community radio licensees in the UK, who are broadcasting under a community radio licence (and not to an RSL operator or to an internet-only service, for example).
The Fund has been established to give grants to help fund the core costs of running Ofcom licensed community radio stations. These core functions include:
• management
• fundraising to support the station (e.g. grants, commercial funding)
• administration
• financial management & reporting
• community outreach
• volunteer organisation and support
For further information and to apply, visit: www.ofcom.org.uk/tv-radio-and-on-demand/information-for-industry/radio-broadcasters/community-radio-fund
The second round of the Community Radio Fund in 2017-18 closes on Wednesday 8 November 2017, 17:00