Category Archives: Funding

Good Deals + Beyond Good Business

‘For the second year running, Pioneers Post and Hatch Enterprise, the organisations behind the Good Deals + Beyond Good Business conferences, bring you the leading event in social enterprise and impact investment in the UK’.

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See more here…

Taking place on May 21st, 2019 at Mary Ward House in London, the organisers aim to delve ‘…into different practical support that can allow all organisations to progress towards a healthy and sustainable future, while also making sure that we don’t forget about our own well-being and the human behind the social entrepreneur‘.

Early bird tickets are just now available and you can see the range of ticket types available for this significant SocEnt event here.

You can see the key themes of this year’s conference, and review the speakers of note from last year’s event on the BGB web pages. See more: https://beyondgoodbusiness.co.uk/

Perhaps we’ll see you there?

Hatch Impact Accelerator

Hatch, a South London charity,  design their peer accelerator programme to ‘…facilitate learning experiences with successful social entrepreneurs (those who have come before), where they can share their wisdom, knowledge and network with those who need it next‘.

Designed for existing social enterprises, keen to grow, with a small number of staff, but who are aiming to seek social investment or crowdfunding resources in the next year or two.

Their programme of support centres around the following thematic deliveries…

  • Peer-to-peer learning environment
  • Pro-bono legal consulting
  • Procurement prospects
  • Financial coaching
  • Crowdfunding project
  • Funding opportunities

Here at SocEntEastMids we specialise in pro-bono support to the micro-enterprise or the nascent, yet to be connected, social entrepreneur.

However, we recognise that the Hatch Accelerator model offers professional and profound structural advancement for social entrepreneurs and social enterprises who are approaching critical mass.

You can discover the full details of this programme, and the fees and duration of the support here: https://www.impact.hatchenterprise.org/

Registration closes: 1 April 2019 – Programme starts: 12 April  2019

As places are limited to 15 delegates per annum, there is a short expression of interest questionnaire, helping Hatch advise you directly on your application to the programme.

See more here – and if you do, good luck with your application!

Funding Community Housing – a landscape view

Update: 5th August 2019

George Clarke is beginning a campaign to re-energise social housing. Join him here.

‘TV architect and Big Issue cover star George Clarke’s petition, aimed at persuading the government to build 100,000 council houses a year, wins massive approval on its first day…’ Source: Big Issue


Working in communities, for us, involves delivering free support and resources to the nascent individual social entrepreneur or the community group, incorporated or not, involved in the transition to an active community focused business.

The nature of developing community business, or individual entrepreneurship, often involves a wider dialogue about social policy and the quality of life for residents in the broadest terms. Housing is often part of that narrative.

SocEntEast Mids does not offer advice on matters concerning investment, banking or legality. We freely collaborate with community players to share our decades of aggregate experience in community development and enterprise engagement.

That said, as the conversation in the meeting room, or community centre eddies and swirls towards a conclusion, it is useful to be able to tender some broad signposting around themes of concern, as part of that engagement process.

The narratives, data and contacts below, all freely available in the public domain, are an attempt to provide such a signpost.


A really useful place to start is the Power to Change: Business in Community Hands pages. here you can find grants that ‘…support projects that build of refurbish affordable homes’.

Homes in Community Hands ‘…are focusing on community groups in the early stages of their community-led housing development to support feasibility and predevelopment work, leading up to submitting a planning application. Our research has shown that is where funds are needed most to get projects moving’.

Discover more here: https://www.powertochange.org.uk/get-support/programmes/community-housing/


Targeting Funding to Support Community-led Housing is a publication also from Power Change. Authored by Tom Archer, Anna Kear, Catherine Harrington – Power to Change August 2018.

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Targeting funding – download here: pdf

This is an essential primer when thinking about engagement in any aspect of community led housing projects.

Development stages, funding stages and the current provision of the funding and financial support available are all clearly labelled here.

Also useful in the appendix of the publication is the advice given on how to do a SWOT analysis of funding need for your development stages.

 

 

 


Even more current is Helping Communities Build – A review of the Community Land Trust Funds and lessons for future support. Authors: Dr Tom Archer, Dr Stephen Green with Charlie Fisher | January 2019, this publication, was produced by Sheffield Hallam University and the Charities Aid Foundation.

Community-led housing schemes empower people, enrich local communities and improve the lives of residents. They can breathe new life into a village by offering affordable homes below market rate to families that are priced out of the area they live and work in.

The authors argue that CLT’s are a currently under deployed tool for community social enrichment, but non the less, this paper highlights the context of the mechanism and is, in our opinion, particularly honest and useful in making an assessment of obstacles and pinch points in any community housing scheme.

See more here…(pdf).

CAF and Power to Change also have a useful web article on a new source of funding available – Blended Finance Available for CLT’s. Authored by Anne-Helene Sinha, it is a new and pioneering offer in the marketplace.


CivilSociety.co.uk have a useful article by James Johnson – Should you invest in Social Housing?

Johnson’s argument is, essentially, that investors with a conscience can all help to alleviate the current housing crisis by investing in the sector. He is also strong on the weakness and re-directions  of central government in the housing mix over time…

…blame can be laid at the door of government. In 2009 (the last full year of Gordon Brown’s administration), Whitehall provided £11.4bn towards the cost of building homes. By 2015 (under David Cameron’s Conservative-led coalition), this had over halved to £5.3bn. More pertinently, perhaps, in terms of GDP, the fall is even more dramatic – it has dropped from 0.7 per cent to 0.2 per cent.

A depressing tale, well told with numbers to underscore the disparity of supply versus demand.


More useful links for data and context:

The Plan to End Homelessness, by Crisis, is also another salutory lesson in how housing and welfare policies have failed to work effectively, either with each other, or with the homeless to create sustainable and affordable solutions to the present crisis.

See the full report here

Big Society Capital also have data and information resources of Social Housing and Homelessness. You can see a sector snapshot and data from 2017 here… (pdf).

They also offer some useful case studies, in an article by their Investment Manager, Aman Johal, on the factoring of social investment to amplify housing and local facilities.

See more here: https://www.bigsocietycapital.com/about-us/previous-projects/housing-and-local-facilities


Editor’s Note:

SocEntEastMids does not offer banking, finance or legal advice. Our free resources and support is dedicated to sharing our decades of community enterprise experience collaboratively with the nascent social entrepreneur or ethical business minded community group.

We are happy to have a ‘social enterprise’ conversation at any time, and to donate free resources, to foster the aims of the sector.

Community Business Trade Up Programme

The School for Social Entrepreneurs (SSE) have, this 2019 New Year, published details of new, free learning and development courses for the leaders of the community business sector in the UK.

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Free learning at SSE…see more

“Applications are open for the Community Business Trade Up Programme, run by the School for Social Entrepreneurs, in partnership with Power to Change.

This programme helps the leaders of community businesses in England. It focuses on growing income from trading, to improve impact and sustainability. It offers:

  • A learning programme: 12 days spread over nine months
  • A Match Trading grant of up to £10,000
  • A community of people running organisations like yours

There is no cost to you at any point”.

If this learning and funding opportunity is of interest to you and your community business, you can see the guidance and application notes here.

SSE are offering taster sessions across the regions, so that you can explore the opportunity, and you can find a taster session booking form here.

This learning programme runs from June 2019 to March 2020. 

The deadline to apply is 1pm on 14th February 2019. Explore all the details at SSE here.


Lloyds Bank and Bank of Scotland Social Entrepreneurs Programme - image and web link
Read more here…

Lloyds Bank and Bank of Scotland Social Entrepreneurs Programme

This SSE Programme may also be of interest to our readers. You can discover the details of the learning and support on offer from the programme partners here.

  • A learning programme (14 days spread over a year)
  • A grant
  • Mentoring
  • A supportive community

You can register your interest, and be notified when this year’s applications (2019/2020) are open on this web page at SSE…

https://www.the-sse.org/lbsep/


IGNITE – the Big Energy Idea 2017

Back again in 2017, Ignite are again looking forward to advance investment readiness and idea development for the brightest in the social enterprise energy sector.

Advancing social impact in the energy sector – with the support of Centrica.

If you are over 16 years of age, resident in the UK and looking to develop your energy business potential…then you should apply to the Ignite Social Enterprise challenge. With investment available from betwwen £50k and £2m, then put your energy, enthusiasm and nascent business in the best place to ‘give it wings’.

You need to contact ignite (at ) centrica.com to discuss your idea and to obtain an application form. The deadline for the simple first round is 31st January, 2017.

You can see fuller details and the complete eligibility criteria here – http://ignitesocialenterprise.com/challenge/

 Icon for Adobe PDF   Download a pdf of Frequently Asked Questions here.

You’ll get support and a brilliant networking opportunity in the energy sector if you are successful. Don’t let the light go out on your idea…IGNITE IT


From the archive:

We last featured Ignite on the pages of Mining the SEEM in 2015. Check out that year’s process and previous winners for even more background.

£5.5m Northern Impact Fund launches for social enterprises

 

Imaginaitive with funding, secure in it’s mission for social enterprise – The Key Fund…

Key Fund, a long-standing investor in community and social enterprises, is delivering the Northern Impact Fund, aimed at new and early stage enterprises who are seeking finance to support growth.

Matt Smith, CEO of the Key Fund, said: “With this fund we’re offering finance of up to £150k, but typical investments will be around £50k, with up to 20% of the amount available as grant. The Key Fund was one of the early pioneers in this space, and our original model was based on a grant and loan mix, so we’re really excited to be going back to that original model. It’s long been our belief that grants can play a very important role in helping new and smaller social enterprise become more robust.”

Source: The Key Fund web site – thekeyfund.co.uk  Accessed 25.09.2016

A new blended grant and loan fund, the Key Fund package looks to secure sector deals in the £5,000 to £150,000 range. Applications are accepted from across the North and Midlands, with the Fund looking to realise 46 deals a year.

At a flat rate of 6.5% interest, the average loan term secured is expected to be three years.

Interested in business development on these terms, as a social/community enterprise.  See the links below…

Find a full copy/Press Release about the new fund here

Find a full grant/investment profile for the new Fund on-line here

Cabinet Office – Social Investment Awards

 Investing in UK social business…

The Cabinet Office Social Investment Awards recognise the impact social investment is having on communities across the UK.

Now entering its second year, the awards highlight the innovation and dedication of world leading social investors and enterprises, celebrating both the achievements of teams and individuals alike.

The awards are supported by NatWest. In 1999 the bank set up its own charity, Social & Community Capital, to help fund social enterprises and community lenders that cannot access mainstream finance and to help them on their path to the financial mainstream.

The awards have six categories that applicants can enter, free of charge, by nominating their own businesses or social enterprises.

Institutional Social Investment Award
Institutional investment deal or product that has created demonstrable social impact at scale.
New Social Investors Award
Investment deal or product that has attracted new savers and investors into the social investment market.
Social Entrepreneurs Investment Award
Investment deal into an early stage social organisation to create demonstrable social impact.
International Social Investment Award
International investor who has invested through the UK market to create social impact anywhere in the world.
Market Building Award
Organisation that has demonstrated innovative and diverse ways to grow the social investment market in the UK.
Public Service Transformation Award
Social investment deal that has delivered improved public services.

Categories 1-3 and 5-6 are open to nominations from England, Scotland, Wales and Northern Ireland. Category 4 is open to individuals or organisations based anywhere in the world.

The awards close to applications on 18 March 2016. Short-listed nominees will be notified on 1 April 2016 and the awards ceremony will be held in London on 3 May 2016.

For more information see the Cabinet Office Social Investment Awards website.

Sheffield Social Enterprise Network: Development tender?

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Sheffield Social Enterprise Network (SSEN) is to commission business development expertise to sustain and develop the network beyond the end of the Lottery grant which expires on 31 March 2016.

‘SSEN requires a consultant to help the network become a sustainable entity beyond the end of the current Awards for All grant which ends on 31.03.2016. This piece of work is fundamental to develop SSEN’s strategy for the medium and long-term’. Source: SSEN Nov. 2015.

The main areas of work include:

  • Work with SSEN management committee and its members to understand its circumstances, problems and opportunities.
  • Develop a tender/funding resource (key information that SSEN can use to input directly into funding/tender bids).
  • Scope the external environment for business opportunities
  • Register SSEN with key contract opportunity websites, mailing lists and newsletters.
  • Identify and evaluate potential income-generating services and projects that SSEN could develop (short term and long term).
  • Write funding and tender bids with the support of management committee members.
The deadline for receipt of tenders is 12pm on Tuesday 10 November 2015.