Third Sector Enterprise Fund
This will provide funding for third sector organisations that want to operate in an enterprising way. Assessment for this funding will be through an application process that will include assessment of a business plan demonstrating that an investment will help the organisation become financially sustainable. Grants of up to £100,000 will be available, but the expectation will be that in many cases this will be used to lever in loans or other investments.
Through the Third Sector Enterprise Fund we will make available funding to provide specialist support for third sector organisations developing their business ideas. This can include human resources, marketing, legal or building advice.We also want organisations to be able to access specialist financial advice,where the business might need restructuring