Up to £100,000 Challenge Programme for new social enterprises

Up to £100,000 Challenge Programme for new social enterprises
The Coalfields Regeneration Trust
08.08.11

The Coalfields Regeneration Trust is launching the Coalfield Community Challenge Programme to support people with new, imaginative and innovative ideas that create jobs and respond to worklessness in Scotland’s coalfield areas.

We are looking for 10 would be entrepreneurs with, living and working in former coal mining areas, who want to launch their own new social business.

If you are over 16 years old, have a new idea that will create jobs for local people, in coalfield communities across Scotland, and need support and funding to get your new business or project off the ground, we have up to £100,000 Challenge Awards to support the most innovative ideas submitted by new businesses (who have operating for 12 months or less).

Each of the finalists will receive a package of business and development support tailored to help develop their idea, no matter how big or small, and pitch this to the Dragons Den at a Boot Camp in February 2012 where the Judges will agree who wins a financial award to help them develop their idea to create jobs in Coalfield Communities.

The Awards

1st Award of £50,000 will be presented to the venture that shows most promise and demonstrates that they are investment ready. The Award will help you to develop their idea and create jobs in the coalfield communities

2nd Level Awards will be presented to 2 Runners up who will each receive £10,000 to help them develop their idea and create jobs in the coalfield communities

3rd Level Awards will be presented up to 7 Runners Up who will receive £4,000 to help them develop their idea and create jobs in the coalfield communities

The Winner and runners up will received agreed support after the programme ends

All awards are subject to Terms and Conditions and cannot be used for individual gain

To find out more or to apply please contact Pauline Douglas 01259 272127 Pauline.douglas@coalfields-regen.org.uk or  register with David Wright, by calling, 01259 272127, to attend one of the following  launch events

10th August, 10am – 2pm BRAG Enterprises, Fife
17th August, 10am – 2pm, Blantyre Miners Welfare, South Lanarkshire
24th August,  10am – 2pm, Dumfries Arms Hotel, Cumnock, East Ayrshire