Deadline: 21-Dec-22
The Department for Digital, Culture, Media & Sport is seeking applications for the Social Enterprise Boost Fund to kick start and accelerate social enterprise activity in disadvantaged areas of England.
Objectives
- The objectives of the SEBF are, by March 2025, to:
- Grow the social enterprise sector in targeted areas, by supporting the creation of new social enterprises and boosting early stage organisations.
- Enable targeted high-deprivation local authorities and the local voluntary and community sector in these places to implement sustainable systems and processes that encourage social enterprise growth.
- Build and disseminate evidence on:
- scalable and sustainable place-based interventions that work in growing the social enterprise sector in disadvantaged areas; and
- the extent to which and how social enterprises support communities and economies in disadvantaged areas.
Funding Information
- Grants of up to £684,000 total cost per local authority area will be available for the delivery of this programme from February 2023 to March 2025, including:
- Up to £414,000 for delivery of the support package; and
- Up to £250,000 onward grant funding for local social entrepreneurs (plus a maximum of 8% of the onward grant funding total for admin costs).
Eligibility Criteria
- This grant competition is inviting charitable, benevolent and philanthropic organisations in the UK to apply for funding. The criteria are:
- Applicants must be charitable, benevolent or philanthropic institutions able to apply for the grant under Section 70 of the Charities Act.
- Applicants must be UK entities only and must have been trading in the UK for more than 12 months. In the case of a consortium or partnership application, the lead partner must be a UK entity and have been trading in the UK for more than 12 months. For additional partners, this is a preference but not essential.
- Applicants should bid for up to £684,000 per area and £2,052,000 for a maximum of three areas. This includes admin costs up to a maximum of 8% of the amount awarded for onward grant funding. Up to 40% of the funding can be used for onward grants.
- The value of the grant requested must not represent more than 50% of the applicant organisation or consortium/partnership’s combined annual income for the financial year. Requests of more than 25% of annual income will be subject to additional financial due diligence.
- Applicants must be able to spend the grant in line with DCMS’ grant terms and conditions and have adequate safeguarding policies in place.
- Successful applicants must comply with the requirement for independent evaluation. This will include working with DCMS’ analytical teams and their contracted evaluator to ensure high quality impact evaluations are developed and delivered.
- Successful applicants must be willing to attend and contribute to an advisory board that will oversee the whole Fund, and further invite any consortium/ partnership delivery partners as needed as attendees.
- Successful applicants must confirm that their organisation is included in no more than two applications.
For more information, visit Social Enterprise Boost Fund.