Share

£10m grant fund for contract readiness opens

£10m grant fund for contract readiness opens
News

£10m grant fund for contract readiness opens

Finance | Vibeka Mair | 22 May 2012

The application process for a £10m grant fund to help smaller organisations scale up and bid for public service contracts has opened.

The £10m Investment and Contract Readiness Fund is being delivered by the Social Investment Business on behalf of the Office for Civil Society.

Grants between £50,000 and £150,000 will be available for social ventures who want to raise at least £500,000 in investment, or who want to bid for contracts over £1m.

Ventures will need to work in partnership with an approved provider to submit an application to the Fund. The approved providers for the programme so far are ClearlySo, Locality, Resonance and Social Finance.

An investors panel will decide which ventures to fund. The ICR investors panel is chaired by Big Society Capital and comprises Big Issue Invest, Big Lottery Fund, Bridges Ventures, CAF Venturesome, Deutsche Bank, The FSE Group, Nesta, Panahpur Foundation, RBS/NatWest, Triodos Bank and the Social Investment Business Group.

The Social Investment Business’ chief executive, Jonathan Jenkins, said: "The Fund aims to complement the work of Big Society Capital and catalyse a more vibrant impact investment market in the UK. We want social ventures to collaborate with trusted, experienced providers whose work is deemed 'investment grade' by our expert panel.

"We want to encourage both providers and ventures to develop high quality investment / commissioning grade proposals and have dispensed with traditional sector funding windows to allow organisations the opportunity to submit primed proposals on an on-going basis.” 

For more details click here.

Comments

[Cancel] | Reply to:

Close »

Community Standards

The civilsociety.co.uk community and comments board is intended as a platform for informed and civilised debate.

We hope to encourage a broad range of views, however, there are standards that we expect commentators to uphold. We reserve the right to delete or amend any comments that do not adhere to these standards.

We welcome:

  • Robust but respectful debate
  • Strongly held opinions
  • Intelligent relevant discussion
  • The sharing of relevant experiences
  • New participants

We will not publish:

  • Rude, threatening, offensive, obscene or abusive language, or links to such material
  • Links to commercial organisations or spam postings. The comments board is not an advertising platform
  • The posting of contact details for yourself or others
  • Comments intended for malicious purpose or mindless abuse
  • Comments purporting to be from another person or organisation under false pretences
  • Gratuitous criticism, commentary or self-promotion
  • Any material which breaches copyright or privacy laws, or could be considered libellous
  • The use of the comments board for the pursuit or extension of personal disputes

Be aware:

  • Views expressed on the comments board are left at users’ discretion and are in no way views held or supported by Civil Society Media
  • Comments left by others may not be accurate, do not rely on them as fact
  • You may be misunderstood - sarcasm and humour can easily be taken out of context, try to be clear

Please:

  • Enjoy the opportunity to express your opinion and respect the right of others to express theirs
  • Confine your remarks to issues rather than personalities

Together we can keep our community a polite, respectful and intelligent platform for discussion.

Diabetes UK launches mobile phone membership scheme

31 Jul 2015

Diabetes UK believes it is the first charity to offer its membership content by text message in return...

R Fundraising will not pay employees for final month's work

30 Jul 2015

R Fundraising’s former employees will not be paid for their last month’s work, but the company says...

Viral campaigns fuel £21m growth in mass participation fundraising

30 Jul 2015

Income from the 25 biggest fundraising mass participation events grew by more than £21m in 2014, although...

Charity Commission opens inquiry into Al-Hijrah Trust

31 Jul 2015

The Charity Commission has announced that it has opened a statutory inquiry into poverty eradication charity...

Stroke Association chief executive to step down next year

31 Jul 2015

The chief executive of the Stroke Association, Jon Barrick, has announced that he will step down in 2016...

Save the Children UK appoints Pete Bennett-Jones as new chair

31 Jul 2015

Save the Children UK has announced that Pete Bennett-Jones, a founding trustee of Comic Relief, will replace...

Diabetes UK launches mobile phone membership scheme

31 Jul 2015

Diabetes UK believes it is the first charity to offer its membership content by text message in return...

Scope and Virgin Media announce £1m technology partnership

30 Jul 2015

Disability charity Scope has announced a £1m partnership with broadband provider Virgin Media to use...

JustGiving launches free guide for charities on how to use data

7 Jul 2015

JustGiving launched a free guide yesterday to help charities use data to shape fundraising strategies....

Join the discussion

 Twitter button

@CSFinance