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Deadline looms for social enterprise bids
3:20pm Friday 12th October 2012 in News
Only seven days remain for charities and social enterprises to bid for much-needed cash.
The Social Enterprise Assist programme was launched last month, offering £10,000 to each successful applicant.
Run by the Charities Aid Foundation, Legal and General and the Minister for Social Enterprise Jo Swinson, the scheme is also supported by The Argus.
The government-backed programme will offer interest-free loans, as well as mentoring and expert consultancy.
Those interested should submit applications before by October 19.
The applications will then be assessed by the Social Investment Committee before being reviewed from a feasibility perspective.
Mentors will then carry out a due diligence assessment of the applicants, with those selected by the committee invited to present a pitch.
The successful applicants will be selected on December 14.
The Brighton and Hove pilot is funded by £65,000 from the Cabinet Office-funded Innovation in Giving Fund, managed by the National Endowment for Science, Technology and the Arts (Nesta).
Legal and General has put inLegal and General has put £50,000 into the scheme, which is designed to deliver crucial social investment to a wide range of charities and not-for-profit organisations.
Brighton Pavilion MP Caroline Lucas said it was a “welcome recognition of the need to leverage proper funding for charities and social enterprises as well as to provide access to mentoring and advice”.
For more information visit se-assist.co.uk.
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