There is a new feeling of enterprise and social business generation abroad in the North of England.
Social Incubator North is now taking applications for the new fund, offering support, encouragement and practical assistance to entrepreneurs and nascent social businesses in the North.
The Fund offers…
- On-going, specialist advice and support
- Assistance with your staged development
- Up to £25k of investment available with contacts to other investors
- 80 hours of one to one development support
- The opportunity to network and learn from peer groups
‘Social Incubator Fund is Government initiative that offers investment, bespoke business support and access to expertise to grow entrepreneurial ideas into glorious fruition.Its aim is to nurture social businesses from a grassroots level.
Social Incubator North received just over £1m from the UK-wide £10m Social Incubator Fund from the Big Lottery Fund on behalf of the Office for Civil Society. This was match funded by the delivery partners to create a total fund of just over £2m’.
You don’t need a fully formed idea to apply to the fund, just a competitive and innovative new idea. See more on the Social Incubator North web site here.
(Article by Tim Smith – Tim is a board member of SEEM, a regional partner in the Social Incubator North delivery framework).