Deadline: 14-Dec-22
The Enterprise Development Programme (EDP) is seeking applications for Black and Minoritised Communities.
The Enterprise Development Programme (EDP) is a five-year programme, funded by Access – The Foundation for Social Investment. It is managed by a coalition of partners, including multiple infrastructure bodies (sector leads) and Social Investment Business as a strategic grant partner.
Support from the programme enables organisations to grow financial resilience and impact by providing a mixture of grant and learning support to help develop and grow enterprise ideas
Successful applicants will be invited to work on co-designing a package of support. Packages of support can include the following elements:
- Bespoke learning and training sessions co-designed by you and your sector- lead.
- Extensive peer-learning and networking opportunities.
- Access to a team of pro bono legal experts to act as a sounding board and guide you through the legal considerations of trading.
- Opportunities to attend wider-sector learning events.
Funding Information
- The opportunity to receive a grant to develop your enterprise idea. Grants of up to £30k can be awarded, subject to agreed conditions, milestones, and evidence of growing trading income.
Eligibility Criteria
- Organisation applying to programme must meet the following criteria:
- Be an incorporated organisation with a clear stated mission to support issues in Black and Minoritised Communities (as indicated in your organisation’s governing/constitutional documents). This means that organisations that are only registered charities without a company attached are not eligible to apply.
- Charitable Incorporated Organisations (CIOs) can apply.
- Must be a social enterprise, charity or not-for-profit company based and working in England and have been operating for at least 2 years.
- Able to provide the last full year of accounts.
- Distribute less than 50% of post-tax profits and reinvest at least 51%of surpluses into pursuing their social mission and have a constitutional or contractual lock on their social mission, dividend, and surplus distribution policy (also known as an asset lock).
- Be interested in exploring new trading business models to help build financial resilience but require an initial grant and learning support to get these ideas off the ground. The long-term goal of applicants may be to take on social investment but that isn’t a requirement for a place on EDP.
- Can evidence current trading activities, which require support / development and commitment from senior management and the Board.
- If you are currently or have previously received Reach Funding or have an existing relationship with a social investor, please consider whether Enterprise Development Programme support is required in addition. They will consider applications from organisations who have received Reach Funding or have an existing relationship with a social investor on a case by case basis, as they understand that in some circumstances the need for EDP support in addition can be demonstrated.
- Please note that funding cannot be used for activities that promote religious or political purposes. If you are a faith-based organisation, you can apply but your services must be open to people of all or no faith.
For more information, visit EDP.