New enterprises in the region will benefit from a new partnership that includes SEYH and is led by Key Fund which is designed to provide intensive pre and post investment support for Social Enterprises, Co-operatives and Social Businesses across the North of England.
The £10m Social Incubator Fund, launched last year, is delivered by the Big Lottery Fund on behalf of the Office for Civil Society. SEYH and its partners will receive £1,065,000 from the Social Incubator Fund and over the next four years the programme will invest in and support 50 organisations, with a further 50 receiving support but no investment. The aim of the project is to create a specific North of England Incubator.
Delivery will take the shape of a three stage combined business growth and investment programme, spotlighting quality and sustainability, built on enterprise and geographic expertise. The project will aim to generate 200 applicants through a competitive process, from which 100 will be taken forward into a formal support process. A second stage will hone the client group to an investment cohort of 60, with an expected final beneficiary group of 50 being supported through the full business development and investment process.
A mixture of ‘one to one’ support, group e-learning sets and targeted events and seminars for mutual support groups that group beneficiaries by industry theme and geographic location. Investment will take the form of loans, on average £21,500.
Full details of the scheme will be made available in the coming weeks. Applications will be accepted in the first ‘call’ which will run from Friday 17th May to Monday 1st July.
To register you interest and receive further information when available, please send an email to firstname.lastname@example.org giving details of your name, contact telephone number and location.