voluntary organisations, social enterprises and volunteering
voluntary organisations, social enterprises and volunteering
voluntary organisations, social enterprises and volunteering
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Firstport's Build It Fund for Social Enterprises
Created: 08/11/2024
News/Events Category: Funding and Finance
This item will show under the following categories: Social Enterprise
Build It aims to help early stage social enterprises working towards becoming financially sustainable. It offers grant funding for salary costs so that the new jobs help the enterprise increase its income, become financially sustainable and continue to deliver social impact without relying on grant funding.
Who can apply
Your enterprise must be up and running and able to provide evidence of income generation and social impact to date and been trading for two years or less. Profits from the enterprise must be reinvested in the business and its social aims. No assets or uncapped dividends can be transferred out of the organisation to private individuals or bodies.
Your enterprise must be an independent organisation – it is neither a project nor a subsidiary of an existing body. It must aim to provide direct social benefit to individuals, communities and/or the environment.
How to apply
The application form and guidance can be found on the Firstport website.
You must submit an application form, a business plan, a pitch document and cash flow projections. If you are shortlisted, you will be invited to pitch to an independent panel that makes the final funding decision on 18 and 19 March 2025.
The closing date for applications is 11.59am on Thursday 23 January 2025.
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