The Santander Social Enterprise Development Awards aim to recognise and support social enterprises and Community Interest Companies in the UK that are working to grow their business and improve their local community but require additional financial assistance to help them realise their ideas.
Launched for the 2012 round today, the Development Awards have been split into segments to make sure a range of enterprises benefit:
- Segment A provides a prize of £50,000 to social enterprises with a turnover of £250,000 - £500,000.
- Segment B provides a prize of £30,000 to social enterprises with a turnover of £100,000 - £250,000.
- Segment C provides a prize of £15,000 to social enterprises with a turnover of less than £150,000.
In addition to the cash prize the winning social enterprises will have access to a range of other opportunities:
- Monitoring and evaluation support so the success of the business can be measured.
- Access to bespoke university training courses.
- Opportunity to have a three month intern working in the business to help implement growth plans.
- Networking with other Santander Social Enterprise Development Award winners.
- The chance to showcase the business and the community supported by hosting a Development Award visit.
The types of costs that relate to the following are eligible:
- Improving Social Inclusion
- Supporting Disadvantaged People
- Creating a Greener Environment
The Development Awards are targeted at established social enterprises in the UK with two or more years of trading, which have ambitions to develop their business but need a financial boost to help them realise their ideas.
The deadline for receipt of applications is 2 July 2012.
(Source: Grantfinder)
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