Deadline: 10-May-22
Applications are now open for the Enterprise Development Programme (EDP) – 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 program enables organizations 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.
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.
Items
Packages of support can include the following items:
- 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.
Eligibility Criteria
Organizations applying to program must meet the following criteria:
- Be interested in exploring new models of trading to help build financial resilience but require 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
- Must be a social enterprise, charity or not-for-profit company, based and working in England
- Be an incorporated organization with a clear social mission
- 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)
- Funding cannot be used for activities that promote religious or political purposes
- If you are a faith-based organization, you can apply but your services must be open to people of all or no faith.
They particularly welcome applications that demonstrate some of the following:
- Organizations with a focus on reducing waste
- Organizations with a focus on reducing the use non-renewable resources.
- Enterprise ideas that have been successfully tested and are ready to be implemented or scaled.
For more information, visit https://www.enterprisedevelopmentprogramme.org.uk/how-to-apply/