Applications for grants in the pilot phase of the £1.8 million Growth fund are now open!
The aim of the Growth strand is to help social organisations scale their impact and diversify their income through accessing social investment and/or commissioned income. The pilot phase will award up to 10 grants by May 2017, with the full grant application window open from September 2017. Around 50 grants are expected to be awarded in total, with an average grant size of £50,000.
Grants are available to support charities and social enterprises to develop and embed an impact management plan, working with an approved provider. As well as provider time, the grant can pay for additional staff or necessary software or hardware—and projects can run for up to 12 months to ensure the plan is embedded.
Before applying for a grant, eligible organisations are required to attend a training session delivered by our partners Impetus-PEF. The approved providers have attended this training too to create a shared understanding about the purpose of the grants and the ambitions of the programme.
These training sessions, which kicked off in London yesterday, help attendees understand the building blocks of an impact strategy and the data they need to manage it. They are targeted at senior leaders to ensure that impact management gets support from the top of the organisation.