The Social Enterprise Support Fund will provide essential financial support between £10,000 and £300,000 to help social enterprises during COVID-19.
Five social enterprise support agencies have come together to deliver the new fund:
These 5 organisations will jointly deliver £18.7 million in grants, with support from CAF Venturesome, the Young Foundation and Ashoka. This has been made possible thanks to The National Lottery Community Fund.
The Social Enterprise Support Fund responds to an urgent need in the sector to help social enterprises change the way they work, make their spaces COVID-secure, and manage liquidity during the next six months.
The fund is aimed at
- Social enterprises supporting people at high health risk from COVID-19
- Supporting people facing increased social and economic challenges as a result of COVID-19.
Vulnerable people need this support more than ever, but social ventures are struggling to make enough income to meet this need. Research shows that this crisis is disproportionately hurting communities who already experience social and economic inequalities.
The fund is committed to inclusion, working to ensure that the grants reach groups that are led by people from BAME communities, LGBTQ+ communities, people with disabilities, and leaders with lived experience of the issues that the social enterprise is addressing.
The five support agencies delivering the Social Enterprise Support Fund have come together around a common purpose and shared principles of fairness, flexibility, inclusivity, accountability and transparency.