Social Enterprise Investment Fund opens
NAVCA members are alerted to a new fund for social enterprises. The Social Enterprise Investment Fund (SEIF) Capital Growth Fund has announced it is offering capital growth grants and loans of £12 million to health or social care organisations. Grants of £50,000 to £150,000 in value will be available. Loans are also available if the organisation can show it is able to repay. However, the timescale is short, applications need to be made by 16 September 2011. Katy Wing, Director of Improving Local Services said: “This could provide local health and social care organisations with a valuable source of capital funding to buy land, property or equipment, including vehicles and IT equipment. But it’s a very tight deadline, so we need to be quick in getting the message out to local groups”.
(Source: navca.org.uk)
