The Big Lottery Fund has launched the £10m Big Potential Advanced Fund. The new ‘Advanced’ route is an extension to Big Lottery Fund’s existing investment readiness programme; Big Potential. It will be supporting organisations at a more advanced stage in their social investment journey, looking to raise larger investments of over £500,000 as well as win contracts over £1m.
The new advanced route will be available to those that are clear about how social investment could work for them and can describe a potential deal or interest from investors and need help to close that deal. Grants of up to £150,000 will be available.
The original £10m fund will continue, offering in-depth support and grants to VCSEs looking to raise smaller amounts of repayable investment of up to £500,000 that are at an earlier stage in their social investment journey. This existing support will now be delivered through the Breakthrough route of the programme which includes preliminary and investment plan grants up to £75,000.
For more information, to check your eligibility and to apply, visit the Big Potential website.
