Grants available to help ambitious social ventures manage their performance and increase their social impact to attract social investment and win contracts
Social investors and commissioners are interested in the social impact ventures achieve, but demonstrating this impact can be difficult. Many worthy social ventures struggle to quantify their achievements without the right systems and expertise.
The new £1.5 million pilot fund managed by the Social Investment Business for the Cabinet Office will offer grants and support to social ventures to understand and improve their social impact and demonstrate improvements to investors and commissioners.
Grants between £15,000 and £150,000 will be available until late January 2015 to help ventures build infrastructure and skills required to manage their performance, increase their social impact, and attract social investment / win contracts.
Help ventures collect and analyse data in order to drive efficiencies and improvements in service delivery and impact.
Enable ventures to maximise and demonstrate social impact at the core of business planning
Develop the skills, capacity, and systems to understand and improve their performance.
Social ventures will be required to work with one of the fund’s approved support providers to develop a programme of impact readiness work and submit an application.
Business Acumen for the Not-for-Profit Healthcare and Charity Sector