Funding opportunity for welsh social enterprises

Funding opportunity for welsh social enterprises

Social Enterprise Assist Fund is open again for applications from Welsh Social Enterprises

In a nutshell:
SE Assist fund is affordable finance and localised support to help social enterprises grow. The Fund is now open for applications until 27th August. To apply, please visit the SE-Assist website https://se-assist.co.uk/wales/apply/

Successful applicants receive:
• An interest free loan from £10,000 – £30,000 (with the potential to borrow more at 6.5%)
• Financial management support
• Peer support from a network of ambitious local social enterprises and more

Eligibility:
• be based within Wales
• have a social impact that addresses a local social or environmental need, in line with the non-profit social enterprise definition set out above
• turnover less than £500,000 pa (over the last three years) for the organisation, or specific initiative, for which you are applying
• have borrowing powers as defined in your constitution
• have, or be working towards, a sustainable business model
• be seeking support for organisational growth or sustainability
• have a clear need for package of support that SE-Assist will provide
• outline how the loan will be used and repaid

Live Q&A session with funders
We would also like to invite anyone interested, to take part in an online Q&A session that we’ll be hosting on Wednesday 17th July at 2.30pm (joining details to follow). This will give businesses the opportunity to ask questions and help them to prepare their submission. Please let Abi at CAF Venturesome know if you would like to join the call at aryan2@cafonline.org.

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