Social Enterprise Investment Grants

Tuesday, December 22nd, 2009 | Posted in : |

Social Enterprise Investment Grants up to 200K are available for Third Sector health and care delivery organisations in England. The closing date is 15 January.
Applicants will still be expected to be committed to sustainable income and be able to prepare a financial forecast. However, the maximum grants available (see below) are larger than previously on offer.

Start Up Grants

Grants of up to £50,000 for social enterprise start ups planning to deliver health and social care services. They can be used for:
* Concept or product testing/development
* Capacity building-working capital (appropriate structuring, training, salaries, recruitment, legal advice, premises costs, IT)
* Tendering costs
* Other costs associated with starting up a social enterprise in the health and social care arena.

Note: This is available to those organisations that have been trading for less than 12 months, or considering setting up a social enterprise in the health and social care sector.

Growth Grants

Grants of up to £200,000 for social enterprises working in health and social care that want to grow and greatly expand their services. They can be used for:
* Expanding services
* Capital funding (equipment/buildings)
* Securing further contracts
* Increasing income streams (increasing staff, cash flow, etc)
* Tendering costs
* Product development

Note: This is available to those organisations that have been trading for 12 months or more and are looking to grow/expand their services within the health and social care sector.

Eligibility criteria

* You must be solvent
* You must be a social enterprise (i.e. socially enterprising)
* Your service must mainly benefit people in England
* You must be proposing products/services that deliver health and/or social care outcomes
* You must not be able to get a commercial loan for the project.

Specifically for the Start Up Grants:
* You must be a start-up (having traded for 12 months or less).

For further details please contact Anne Tunnicliffe at social investment business Mobile 07890 825978, Desk 01652 636643 or email: mailto:anne.tunnicliffe@socialinvestmentbusiness.org.

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