Social Enterprise Investment Fund capital grants for health and social care
New Capital Grants are available as part of the Social Enterprise Investment Fund to support social enterprises delivering health and social care services that require funding for capital assets.
Grants from £100,000 to £450,000 are available.
Grants can be used for:
securing premises; purchasing vehicles; updating systems; refurbishments; and equipment.
Social enterprises may be eligible if their organisation is solvent, mainly benefits people in England, is proposing /improving existing products/services that deliver health and/or social care outcomes, is unable to get a commercial loan for the project; and
has been in existence for more than 12 months.
Funder: Social Enterprise Investment Fund
The Social Enterprise Investment Fund (SEIF) supports organisations which are, or are aiming to become, social enterprises delivering one or more health and/or social care services. Round two of this Fund is now open to applications.The government defines a social enterprise as 'a business with primarily social objectives whose surpluses are principally reinvested for that purpose in the business or the community, rather than being driven by the need to maximise profit for shareholders and owners'.
In 2008/09, ?11 million capital and ?6 million revenue funding is available. There is no minimum amount of funding an organisation can apply for, but there is a maximum any one investment of ?10,000,000.
Previous applicants to SEIF may reapply.
The deadline for the receipt of applications is 31 July 2008.
