Charities and Social Enterprises in England working on Homelessness or Youth services that are thinking of exploring new enterprise models and social investment but require financial or business support to make the transition are eligible to apply for Enterprise grants of between £5,000 – 50,000 to enable organisations to investigate and develop an enterprise proposition from the very earliest stage into a proposed delivery plan.
This five-year Enterprise Grants Programme worth a total of £40million is funded by Access – The Foundation for Social Investment and managed by a coalition of partners. The initiative will provide a broad range of support for charities and social enterprises in England helping them make a transition to new enterprise models, or grow existing ones.
There are two strands to the Enterprise Grants Programme:
- Feasibility Grants of between £5,000 – 10,000 to enable organisations to investigate and develop an enterprise proposition from the very earliest stage into a proposed delivery plan.
- Development Grants of around £50,000 available for organisations that have an enterprise proposition which requires further development or scaling and where there is a potential requirement for subsequent investment.
The first stage of the application process is to complete the online expression of interest form. The grants programme will be open on a rolling basis and the Foundation expect that they will continue to be open for applications until June 2019, but the exact date will depend on levels of demand for grants.