voluntary organisations, social enterprises and volunteering
voluntary organisations, social enterprises and volunteering
voluntary organisations, social enterprises and volunteering
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Foundation Scotland introduce social investment funding
Created: 12/05/2021
News/Events Category: Funding and FinanceMajor funder announces integration with Resilient Scotland creating significant social investment opportunities to help Scotland recover.
Foundation Scotland, Scotland’s community foundation, is extending its dedicated support for the third sector. The major grant funder will begin offering innovative social investment opportunities to social enterprises in Scotland from Tuesday 04 May.
The move comes as Foundation Scotland and Resilient Scotland announce their integration. Social investment, offered through the experienced Resilient Scotland team, will expand on the community foundation’s core grantmaking services providing access to a greater range of funding options.
The new ‘Investing in Enterprise Fund’ offers between £10,000 and £500,000 to social enterprises as blended finance. Up to 50% of the funding will be through grants with the remainder through loans, enabling them to become more sustainable, accessing opportunities less reliant on grant funding. Support will help successful applicants to raise funds and only repay part of the total sum. Foundation Scotland will reinvest all returned funds for additional social investment.
For more information, including details on how to apply for the Investing in Enterprise Fund visit the Foundation Scotland website
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