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.

ICO received 260 complaints about charity fundraising nuisance calls in nine months

29 Jun 2016

In the nine months between August 2015 and March 2016, the Information Commissioner's Office received...

Charities will still have to adhere to EU data protection standards despite Brexit vote

28 Jun 2016

Charities in the UK will have to adhere to data protection standards that are the “equivalent” of...

American organisation charity: water to launch in the UK

28 Jun 2016

A spokeswoman for American non-profit organisation charity: water has said that the organisation has made...

Charity Commission releases 2016 annual return

29 Jun 2016

The Charity Commission has now made available its latest annual return for charities to fill in.

Slight decrease in trust of charities in Scotland, OSCR finds

29 Jun 2016

The level of trust in charities in Scotland has fallen slightly following negative media reports, according...

Charities risk their 'special status' if they ignore public concerns, warns regulator

28 Jun 2016

Charities must not ignore the public’s concerns over senior pay or overheads, the regulator's director...

Marie Curie appoints digital advisory board

21 Jun 2016

Marie Curie has appointed a digital advisory board to help it build on the successes of its digital transformation...

'Fake' charity app to help migrants at sea has been removed by Apple

21 Jun 2016

An app that claimed to support a charity rescuing refugees in the Mediterranean by enabling users to search...

Facebook looking to make ‘donate’ button available to UK charities this year

23 May 2016

Facebook is looking to roll-out its ‘donate’ button feature to all charity pages at some point this...

Join the discussion

 Twitter button

@CSFinance