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.

Free eNews

Charities should be 'critical friends' to their corporate partners

17 Sep 2014

Charities should approach corporate partnerships as “critical friends” if they are going to change...

Teenage Cancer Trust reveals £5m Stephen Sutton legacy

16 Sep 2014

Teenage Cancer Trust has announced it intends to spend the £5m raised by Stephen Sutton to fund new specialist...

Man jailed for stealing £300,000 of donations meant for Help for Heroes

16 Sep 2014

A man has been jailed for four and a half years for stealing £300,000 donated by the public who believed...

Shawcross: 'Too often charities respond defensively'

17 Sep 2014

Sector leaders warned yesterday that charities need to get better at answering the public’s questions...

Governance code 'no longer fit' for large charities, says CFG trustee

17 Sep 2014

The sector’s code of good governance is no longer fit for purpose for large and complex charities and...

BHF implements changes following invoice fraud

17 Sep 2014

The British Heart Foundation (BHF) has said it will implement tighter controls to prevent future cases...

JustGiving page for Manchester Dogs’ Home receives four donations a second

15 Sep 2014

JustGiving has said that donations going to an appeal for the Manchester Dogs’ Home following an arson...

Commission's new online charity search to launch soon after delay

15 Sep 2014

The Charity Commission’s searchable online register of charities is due to launch in beta this autumn,...

Charities warned that digital campaigns can be 'counterproductive'

9 Sep 2014

Charity digital campaigns can be counterproductive and will need to change to keep the attention of those...

Join the discussion

 Twitter button

@CSFinance