New funding to help social ventures attract investment

The Cabinet Office  has announced that Social ventures dedicated to making an impact on society will be eligible to apply for funding to help them attract investment and win contracts. The Impact Readiness Fund, which will be managed by the Social Investment Business, will permit social ventures to apply for grants of £15,000 to £150,000 to assist them to build their infrastructure, improve their skills and demonstrate their social impact to investors. To be eligible to apply, companies must be focused on dealing with social problems, display commitment to securing investment or contracts, and be able to finish the work associated with the funding within three months. Application packs for the Impact Readiness Fund will be available from 17 November 2014, and funding can be accessed until the end of January 2015.
For more information about the Impact Readiness Fund, go to:
https://www.gov.uk/government/news/new-15-million-grant-fund-to-help-social-ventures

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