New fund for community-led charities and social enterprises

Charity Comments Off on New fund for community-led charities and social enterprises

Looking for finance to grow your services and become more sustainable?

Small community-led organisations based in the North West or South West of England can now apply for up to £30,000 from the new First Steps Enterprise Fund.

The fund is offering loan-grant packages to charities and social enterprises working in these communities to help them grow their services and become more sustainable. The investments are the first steps towards accessing the wider social investment market and more financing options. Eligible organisations will have been operating for longer than one year but less than three years.

It is a pilot partnership between Asda Foundation and the Social Investment Business Foundation. The fund intends to catalyse other UK corporate foundations to use their money innovatively to create social impact in communities across the country. It will complement Asda Foundation’s other programmes and will meet their aim of creating stronger and more sustainable communities.

Deadline for applications is noon 26 June 2015. 

For more information visit the Social Investment Business website.