Social Business Growth Fund - putting money to work in communities
Date published: 10/02/2017
The Social Business Growth Fund (SBGF) will support social businesses in Wales financially to enable them to grow and create job opportunities.
SBGF is part funded by the European Regional Development Fund and Welsh Government and is added to the suite of investments administered by Social Investment Cymru.
Financial assistance is available up to £150,000.
There is a two stage online application process. The first stage eligibility questionnaire checks your eligibility and if successful you move to the second stage which is financial assistance application where the viability of your proposal is tested.
The structure of financial assistance is:
- 40% a traditional grant;
- 60% repayable assistance (0% interest, maximum five year term).
The over achievement of job creation will be rewarded with turning an element of repayable assistance into non-repayable grant.
An open rolling process, The Social Business Growth Fund is now open to applications.
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For further details T: 0800 2888 329 or E: firstname.lastname@example.org
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