Deadline: 7-Mar-22
The City of Parramatta Council has launched an open call for the Growing Social Enterprise in Parramatta.
This category 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.
Characteristics
Social enterprises 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.
Funding Information
- $75,000 is allocated to Growing Social Enterprise in Parramatta.
- The maximum funding available to any one project in this category is $25,000.
Eligibility Criteria
Eligibility criteria require that the organisation must:
- Be an incorporated not-for-profit organisation or can provide evidence of an auspice arrangement with an incorporated not-forprofit organisation;
- Be located within the boundaries of the Parramatta local government area and/or principally service Parramatta residents;
- Address City of Parramatta’s vision statement and at least one of the eight priorities;
- Project begins after the grant funding commencement date and does not require retrospective, recurrent or ongoing funding;
- Have a bank account in its name with a minimum of 2 signatories, except where individuals have been named eligible for a specific program;
- Not have outstanding debts to Council;
- Not have overdue progress or acquittal reports for previously funded grants.
For more information, visit https://www.cityofparramatta.nsw.gov.au/community/grants/community-grants-program/growing-social-enterprise-in-parramatta