The People's Millions 2014, a partnership between Big Lottery Fund and ITV, is now open. Up to £50,000 is available for local community-based projects.
Plaid Cymru Clwyd South spokesperson Mabon ap Gwynfor said the new Plas Madoc Community Trust should make an early bid to secure the maximum possible amount.
"The People's Millions will make £50,000 available for voluntary or community organisations. The volunteers that are part of the new Trust set-up to re-open Plas Madoc are working extremely hard to make a robust business case.
"Everybody who's ever been in business knows that the first three years are very difficult. Therefore a cash injection of £50,000 would be of great assistance to get the new community enterprise on its feet," said Mabon ap Gwynfor.
Mr ap Gwynfor, who has previously successfully applied for grants worth hundreds of thousands of pounds for other community enterprises, added: "The deadline for applications is noon on 16 May, which is only six weeks away. That's not much time when you consider that the new trust has to get a legal structure up and running first.
“They would also need a lease agreement or written permission from the landowners for five years. that's the very least the community should get from Wrexham Council. I would hope that the council will give priority to help the Trust complete the application form and give 100% support to the application."
Should the application be accepted, the shortlisted entries would go head to head on ITV Wales news at the end of November.