Deadline: 17-Oct-22
The Social Enterprise Exchange Grants Programme is now open for applications to support start-up and existing social enterprises.
Schemes
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There are two strands to the grants scheme:
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Accelerate grants for start-ups
- Start-up grants from £1,000 to £1,500 for new social enterprises registered in the last 12 months.
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Transform grants for existing social enterprises
- Grants for growth from £1,000 to £5,000 for existing social enterprises registered for at least 12 months.
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Accelerate grants for start-ups
Criteria
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To be considered for a grant award applicants must meet all of the following selection criteria:
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Meet the following definition of a social enterprise:
- “A business with primarily social/environmental objectives, whose surpluses are principally reinvested for that purpose in the business or community rather than mainly being paid to shareholders and owners”
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Have a governing document with rules that are consistent with definition including an asset lock and limits on the distribution of surplus. Legal forms that will generally be considered acceptable include:
- Registered Charity
- Charitable Incorporated Organisation
- Company Limited by Guarantee
- Community Interest Company
- Cooperative or Community Benefit Society
- Have a minimum of three unrelated directors/trustees, aged over 18.
- Have a bank account in the organisation’s name, with at least two unrelated people required to sign cheques
- Have been accepted onto the Social Enterprise Exchange programme and have completed the State Aid Eligibility Form and Declaration
- Have completed the grant application form and supplied all supporting documents that are requested to accompany the grant application
- (Transform Grants only) 50% match funding commitment by the applicant from their own or other non-European Union funding towards costs greater than £1,500. Match funding must be towards actual costs of eligible items. The total budget (including match) should be provided in the application.
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Meet the following definition of a social enterprise:
For more information, visit Social Enterprise Exchange.
For more information, visit https://www.socentxchange.net/grants/