The Social Enterprise Investment Fund (SEIF) Capital Growth Fund is offering capital growth grants and loans of £12 million to social enterprises working in health or social care.
Grants of £50,000 to £150,000 in value are available. Loans are also available if the organisation can show it is able to repay. Investments of over £150,000 will include a loan element.
The Social Investment Business, along with Local Partnerships, manages the SEIF programme on behalf of the Department of Health.
Until 16 September, they will be taking applications from health and social care organisations for capital grants and loans.
The grants are available for:
Property or land purchase
Some fees relating to capital projects including solicitors, architects and surveyors
Property renovations and refurbishments
Purchase of vehicles
Equipment for delivery of services e.g. fixtures and fittings
Organisations must be able to draw down and spend this funding by 31 March 2012.
Applying to SEIF. Visit http://www.thesocialinvestmentbusiness.org/seif6/?gclid=CMiP5q_92KoCFUVO4QodNHf08A for more information.
To apply for SEIF funding you will first need to complete the online checklist to see if your organisation is eligible for a grant and then download the form and accompanying guidance notes.
Completed application forms with all supporting documents must be returned to The Social Investment Business by 12pm on 16 September 2011. They strongly recommend that your application reaches them early to avoid difficulties caused by the rush before deadline.