Grants for growing the local social economy, including community businesses,cooperatives, and social enterprises.
The purpose of this grant is to promote the growth of existing community enterprises and the creation of new social enterprises with an emphasis on innovation in the sector through new and improved ways of working that will boost or create turnover, improve productivity and the sustainability and innovation of enterprises.
Example projects may include funding for new equipment, extended provision, volunteer/staff engagement/development, R&D of new products and services etc.
Grants are available between £1,000 - £40,000.
- Established organisations (over 12 months) can apply for any amount between £3,000 and £40,000 to further develop their business.
- New Social/Community Enterprises (under 12 months) can apply for a maximum of £3,000 to help launch/grow their businesses.
Grants are available at a maximum of 80% of the total project costs i.e. to achieve a maximum £40,000 grant, project costs would need to be in excess of £50,000 exclusive of VAT.
For further information on eligibility, guidance and how to apply please click here.
