Enterprise Growth Fund
The Wise Group, with partners CEiS, DSL and the Social Value Lab, has been awarded the contract to manage and administer a £4 million Scottish Government Fund to support growth and development of the Third sector in Scotland.
Enterprise Growth Fund will be awarding grants between £25,000 and £200,000 to support long term development objectives. Awards will be made to those organisations that demonstrate the greatest potential for growth and sustainability. The fund will invest in organisational services and structures.
Eligibility – The Fund will be available to third sector organisations that:
have a governance structure that primarily does not allow for profit distribution
have social as well as business objectives built into their legal structures
are committed to working with disadvantaged groups, providing services to disadvantaged communities or are constituted to provide sound environmental benefit
are independent of Government
can demonstrate that they are working towards trading and other forms of income generation
Outcomes – The Fund aims to deliver the following key outcomes for the sector:
enhanced ability to win contracts
greater social impact.
The Consortium brings together a group of experienced third sector organisations with the right skills and expertise to deliver an efficient, quality driven and timely fund programme and provide high quality business advice and support to third sector organisations throughout the application process and post award.
The Enterprise Growth Fund will complement Just Enterprise support and learning services and other third sector services that the Scottish Government is currently putting in place to support a sustainable, capable and enterprising third sector across Scotland.
Awards and distribution of funds to successful third sector organisations will be completed by the end of January 2012.