The final deadlines have been moved forward for grant applications to improve the sustainability, capacity and scale of VCSE organisations in England in order that they may deliver greater social impact.
Big Potential is drawing to a close, and due to a ‘spike’ in interest, the deadline for all applications is being moved forward.
Voluntary, community and social enterprise (VCSE) sector organisations based and operating in England can apply to the following funding routes:
Breakthrough Grants of between £20,000 and £75,000 for VCSEs with an ambition to raise up to £500,000 of new repayable investment. These organisations are looking to develop a more sustainable funding model and be less dependent on grants but require support to do this. Applicants are expected to have existing products or services that could support taking on repayable finance.
Advanced Grants of up to £150,000 for VCSEs with an ambition to raise more than £500,000 of repayable investment or win contracts of at least £1 million. They should have a strong proposal and be sufficiently ambitious to be able to develop a project of the desired scale in a set time period. VCSEs applying to this route will be expected to have a sufficiently strong grasp of what it means to take on social investment and understand their social investment needs.
The three remaining deadlines for this programme are:
- 30 June 2017 (midday) for submitting Big Potential Breakthrough diagnostic reports. Those who wish to proceed will then be able to book a 1-1 session with an independent adviser in July.
- 9 August (midday) for Advanced Grant applications. Decisions will be made in September with all applicants informed of the outcome by the end of October.
- 15 September (midday) for Breakthrough Grant applications. Decisions will be made in October and November with all applicants informed of the outcome by December.