Pilot Childcare Investment Readiness Fund launched
This £500,000 pilot fund, managed by the Social Investment Business (SIB) will provide grants to early years and childcare social enterprises for the purchase of specific capacity building support to help them grow and become more appealing to investors. Applicants must have a proven track record and the potential to expand their services into new locations.
The Fund will offer grants of between £25,000 and £50,000 to purchase specialised investment readiness support to cover the costs of putting an investment readiness plan into action. This specialised support will come from an approved investment readiness provider with a track record in supporting social ventures to secure investment.
The deadline for submitting an application is noon on Friday 17 July. The SIB will be looking to make around 15 grants, with funded activities to be carried out over a period of 6 to 9 months and be completed before 31 March 2016.
You can apply on the SIB website