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New Social Enterprise Growth Fund for Scotland

Howard Lake | 27 July 2011 | News

The Scottish Government is making £4 million available to support a new Enterprise Growth Fund. Grants of between £25,000 and £200,000 will be available to social enterprises and other third sector organisations throughout Scotland that have a great potential for growth and sustainability yet require support now to develop their services and infrastructure. The Fund is being managed by the Wise Group.

The Fund is half of a new programme funded by the Scottish Government to help social enterprises grow and operate more effectively and efficiently. In 2011-12, £4 million will be available across Scotland to help enterprising third sector organisations carry through on ambitious and sustainable business plans. A further £3 million is being put into a Just Enterprise programme for the period 2011-14, which will support social entrepreneurs and third sector organisations across Scotland, part of which will be spent on an online information hub.

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The Enterprise Growth Fund will provide grants of between £25,000 and £200,000 to support the long-term development of third sector social enterprises in Scotland. Grants can be spent on improving service delivery, responding to new opportunities, and on organisational capacity building. Grants will be given to enterprises with the greatest potential for growth and future sustainability. The future sustainability should be in the form of trading or other forms of income generation, with an enhanced ability to win contracts.
As well as having robust business and development plans, successful applicants will need to be working with disadvantaged groups, providing services to disadvantaged communities or be providing environmental benefits.
After the grant investment and support from the Just Enterprise scheme, grantees should also show improved efficiencies and greater social impact.
Further information and how to apply.
Applications to the Enterprise Growth Fund will not be accepted until late August 2011. By that time more detailed application ./guidance, eligibility criteria and other information will be available.
The application process and decisions about grants will be complete by the end of January 2012 so that the money is available this financial year.
If you have any questions about the Fund you should contact the Wise Group on 0141 303 3131 or e-mail en******************@th**********.uk.

Grants can be spent on improving service delivery, responding to new opportunities, and on organisational capacity building. As well as having robust business and development plans, successful applicants will need to be working with disadvantaged groups, providing services to disadvantaged communities or be providing environmental benefits.

Applications to the Enterprise Growth Fund will not be accepted until late August 2011. If you have any questions about the Fund you should contact the Wise Group on 0141 303 3131 or e-mail en******************@th**********.uk.


This piece is an abbreviated version of one of many funding opportunities first published this week at www.fundinginformation.org, the resource for up to date information about new grant making trusts, and new sources of grants, loans and donations for voluntary organisations, charities, social enterprises and the public sector throughout the UK.

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