The fund is for individuals who have already piloted their social enterprise idea, have been trading for about 12 months and have generated income through selling a product or a service. They want to see that you have a business track record and that your idea has generated a positive impact in your community of need. Funding is available to cover an individual’s salary/living costs for one year, so that they can begin running the business full time.You can apply for up to £20,000 to fund your own salary so that you can concentrate on your enterprise full time. In exceptional circumstances, they will consider funding up to a further £5,000 for additional essential costs, such as hiring other staff.
The next deadline for Build It awards to be submitted has been set for Wednesday 29 January 2020 with the pitch to panel on Thursday 26 March 2020. Fully completed applications must be submitted no later than 12 noon.