Deadline: 7-Dec-22
The Society of Merchant Venturers (SMV) is inviting applications for its Grant Programme to support charitable and community activities, projects and services that fulfill the following:
- Aim to improve the lives of local people by addressing specific needs and disadvantages within their communities
- Address the concerns and priorities of the people they seek to benefit
- Where possible, include the active involvement of people from within the community in designing and delivering the activity
- Complement existing local charitable and community activities.
Funding Information
Grants awarded are usually between £500 and £5,000.Organisations can be awarded in any 12-month period.
Eligibility Criteria
- The grant programme is primarily designed to support small not-for-profit organisations or community groups with Charitable aims. Applicants must be based and working in Bristol, Bath & NE Somerset, North Somerset or South Gloucestershire. Any grant awarded should be spent in the area that the application came from.
- Whilst there is no limit to the size of organisation that can apply, they will prioritise their funding where it can make the greatest impact.
- Organisations applying need not be registered charities but do need to have charitable purposes, have a management committee comprising at least three unrelated people, a set of rules under which the organisation operates and a bank account in the name of the organisation, with at least two signatories. Community Interest Companies (CIC) and social enterprises will be supported where:
- Their work has a demonstrable social benefit
- The organisation has a minimum of three directors (Registered at Companies House), the majority of whom
- Are not paid employees. The majority should also be unrelated
- The salaries and benefits of any paid director must be approved by a majority of non-executive directors and
- Must be reasonable and proportionate to the work they do and the financial position of the organisation
- The organisation has an asset lock and designated asset lock body with objectives which are both charitable and similar to the CIC
- The organisation is limited by guarantee, rather than limited by shares
For more information, visit https://www.merchantventurers.com/what-we-do/charitable-giving/