Deadline: 19-Sep-22
The City of Parramatta Council has launched the applications for Growing Social Enterprise in Parramatta that is designed to fund existing social enterprises that have demonstrated their ability to be sustainable and achieve high-impact on their social mission, and are seeking to grow and expand their operations.
It is expected that any proposals put forward for a Social Enterprise Grant will be clearly developed ideas. They must clearly articulate how the proposed project will further your social mission and what impact it is expected to have for the communities of Parramatta.
Objectives
- The funding of a specific growth activity by a successful social enterprise that is already located with the Parramatta LGA; or
- The replication or re-location of a successful social enterprise within the Parramatta LGA
Funding Information
- Approximately $75,000 per financial year is available for the Growing Social Enterprise in Parramatta Grant program. There is a funding cap for each application of $25,000.
Outcomes
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Social Enterprises will be able to report:
- Increased community benefit and social impact;
- Increased economic prosperity and business sustainability;
- Improved business development and management ability;
- Increased awareness and presence in Parramatta.
Eligibility Criteria
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Applications must be from an eligible social enterprise structure. Social Enterprises as defined in City of Parramatta’s Grants and Donations Policy are defined as having the following characteristics:
- Social, environmental, cultural mission / objectives core to purpose and focus;
- Limited distributions of profits – the majority of profits are reinvested in the enterprise and/or an associated social entity;
- Generation of a social return in addition to a financial return, and commitment to demonstrating this;
- Can have a mixture of capital inputs – the enterprise is supported through a mixture of grant income/subsidised income and trading income, but must trade;
- Favour democratic decision-making structures and seek high levels of accountability to their stakeholders, rather than just to shareholders. Commercial business applications, including for small or micro-businesses, are not eligible for funding under this category.
For more information, visit Growing Social Enterprise.
For more information, visit https://www.cityofparramatta.nsw.gov.au/community/grants/community-grants-program/growing-social-enterprise-in-parramatta