Share

Cabinet Office launches £10m grant fund for early-stage social ventures

Cabinet Office launches £10m grant fund for early-stage social ventures
News

Cabinet Office launches £10m grant fund for early-stage social ventures

Finance | Vibeka Mair | 25 Jul 2012

The Cabinet Office has announced a new £10m grant fund which will support ten ‘social incubators’ in providing investment and support to early-stage social ventures.

The Social Incubator Fund will be administered by the Big Lottery Fund and will provide grant funding to social ventures to support or ‘incubate’ early-stage organisations tackling social problems.

The fund will make grant awards to up to ten social investment organisations over three rounds of awards. Grants for the first round will be awarded in January 2013; subsequent rounds will be launched in 2013 and 2014. It is anticipated that three social incubators will be funded through the first round. Organisations can apply for up to £1.5m from the Social Incubator Fund.

It is the second grant fund for social investment organisations announced by the government in as part of what it calls the Investment Readiness Programme.

Last month, the Investment and Contract Readiness Fund opened for business. It is a £10m fund which will help social ventures access social investment of at least £500,000. It is being managed by the Social Investment Business on behalf of government.

Minister for civil society Nick Hurd said:
“We want to help social entrepreneurs to create innovative solutions to difficult social problems. The Social Incubator Fund will significantly increase the number and quality of early stage social ventures in the UK.

“This fund strengthens our commitment to the social investment market by generating a credible pipeline of social investment opportunities for the Investment and Contract Readiness Fund and eventually Big Society Capital.”

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 'must continue to fight for the right to influence policy'

20 Oct 2014

Civil society organisations must not give up the fight to influence policy and governments, the international...

Islamic Relief Worldwide income falls by £18m

20 Oct 2014

Islamic Relief Worldwide has seen its income drop from £100m in 2012 to £82m in 2013, according to...

Charity criticised after refusing to pay Ashya King’s parents' legal fees

17 Oct 2014

Kids 'n' Cancer UK has been criticised for saying it will not pay the legal fees of the family of Ashya...

Voluntary sector sees “revolving door” of staff, says report

20 Oct 2014

The voluntary sector is experiencing a “revolving door” of staff with employee turnover levels at...

Charities 'must continue to fight for the right to influence policy'

20 Oct 2014

Civil society organisations must not give up the fight to influence policy and governments, the international...

Paul Farmer appointed chair of Acevo

17 Oct 2014

Paul Farmer, chief executive of Mind, has been appointed the chair of the Association of Chief Executives...

Blackbaud launches online giving platform for individual fundraisers

17 Oct 2014

Blackbaud has launched its online giving platform, everydayhero, for fundraisers in the UK in a bid to...

Don't dismiss social media 'slacktivists', fundraisers told at IFC

16 Oct 2014

Charities should embrace and love charity ‘slacktivists’ because social is a great ramp for new donors,...

Nesta has made no grants to charities from its Impact Investments Fund

16 Oct 2014

Only 15 per cent of applications to a Nesta fund to invest in innovations to help older people, children...

Join the discussion

 Twitter button

@CSFinance