Maghull Community Enterprise's co-founders attended a ground-breaking conference to find out how the town can benefit from changes between the relationships between local government and local communities.
Sefton Council, in partnership with Sefton CVS, has drawn up the new approach in response to changes to funding being provided by central government to local authorities.
This new approach, named New Realities, is described as "a 'can-do' collaborative agreement for Sefton Council and Sefton's voluntary, community and faith sector".
MCE co-founder Cllr Patrick McKinley and Cllr Lynn Gatherer attended the launch of New Realities at Crosby Lakeside this week saw community groups from throughout the borough coming together to meet potential investors.
Cllr McKinley said: "New Realities is as a result of the stark financial situation that local authorities like Sefton Council finds itself in due to funding cuts.
"Where once local authorities would be able to fund local schemes and initiatives, Sefton is now in the position where it is struggling to fund its basic statutory services.
"What New Realities does is create a new pathway for the creation of productive partnerships between financiers, community groups and other organisations to ensure that community initiatives can still make the improvements in our neighbourhoods.
"In many ways we are already ahead of the curve here in Maghull. Maghull Community Enterprise was founded to do just that. We have already put together successful initiatives, such as the Emporium business start-up incubator and the creation of Maghull Radio and Maghull Press, which have provided new opportunities and provided much needed training for people in Maghull.
"But for Maghull Community Enterprise to continue the excellent work it has already begun, then the fact is that we need to find funding. The New Realities conference was a brilliant launch event which introduced us to potential investors and to meet other groups from throughout the borough."
Cllr Gatherer said New Realities could be a new opportunity for the town.
Cllr Gatherer said: "Public finances are tight at the moment, so we need to find new ways of doing things and find new ways of funding what we want to do in our community.
"Maghull Community Enterprise is no stranger to working in that way. We have already spearheaded a number of community initiatives which have not been dependent on public money, but which have provided real benefits for people in our community.
"The New Realities launch conference was a great opportunity for us meet groups who can provide the funding that we need for us to continue to carry on the innovative work that we are doing for Maghull.
"We would like to thank Angela White from Sefton CVS and her team for organising the event and for taking a keen interest in the work we are doing in Maghull."
Sefton CVS chief executive, Angela White, said she was encouraged by the response to the launch.
Angela said: "This event has been about launching New Realities and giving community groups the opportunities they need to build new relationships in our communities. It has also been about encouraging new ways of thinking around how CVS can work with groups like Maghull Community Enterprise more effectively.
"The turn out has been great with about 120 people from community groups from throughout Sefton coming to the launch and the feedback has been really positive.
"This is just the start for this new way of doing things and a new way of getting the best for our communities."