This new £10m fund will support ‘social ventures’ to raise investment or win contracts to run public services. It is now open for applications and is run on behalf of the Office for Civil Society by the Social Investment Business.
Social ventures are defined as registered charities, social enterprises, community and voluntary organisations, social businesses and mutuals. These organisations can apply for grants of between £50k and £150k to purchase investment and contract readiness support from an approved advisor.
Proposals must be designed to prepare the social venture to raise an investment of at least £500,000 or win contracts of at least £1 million.
The first deadline for applications is 31 July 2012 and the fund will then re-open in September 2012. More details are available via the following link: