Grants available for Social Enterprise

May 22, 2012

Filled under Business, Community, Funding

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SOCIAL ENTERPRISE PROJECTS can get grant support through a new programme managed by the School for Social Entrepreneurs (SSE).

The Lloyds Banking Group Social Entrepreneurs Programme will support 150 social entrepreneurs each year, for five years, with support from the SSE through ‘action learning’ programmes. The programme is funded by Lloyds with additional funding from the Nominet Trust who will be funding internet focused projects.

Each year of the programme 120 start-up projects can apply for grants up to £4,000 and 30 £15,000 grants will be available for those looking to ‘scale-up’ an existing enterprise.

Interested? Then hurry! The closing date for the first round of applications is Monday 28th May 2012. It takes less than a minute to check whether you are eligible to apply on the SSE website.

What is a Social enterprise? Definition by Social Enterprise UK
A business driven by social and/or environmental purpose. They are trading organisations (their main income streams are revenues for goods and services provided). Successful social enterprises generate surpluses or profits which are reinvested towards achieving their social mission. Their assets are often locked for community purpose.