Accelerator Fund

Accelerator Fund
Big Lottery Scotland
27.08.13

Big Lottery Fund in partnership with Social Investment Scotland will create a new accelerator fund for early stage social enterprises in Scotland

 

“We want to support early stage social enterprises in Scotland that have the potential to rapidly take their business model to scale. We think that some early stage social enterprises could accelerate their potential through an intensive programme of combined non-financial and financial support. We would also like to connect those interested in investing for social impact with those early stage social enterprises that need capital to achieve positive social change.

 

“Both Big Lottery Fund and Social Investment Scotland will be cornerstone investors in this initiative and today we are jointly starting the search for a partner who will deliver the Accelerator Fund on our behalf.

 

“We are seeking a delivery partner with national reach who can find exciting early stage social enterprises through innovative campaigns, provide wraparound support, administer and manage grant funding, and actively engage with investor networks to complete individual funding packages with repayable or other forms of finance.

 

The details of our contract can be accessed here