UnLtd Awards /Funding for Social Enterprises to Setup & Grow/31 March 24

Grants available:  up to £ 8,000 (start your business) and up to £18,000 (scale your business)

District: UK

Application closes: 31 March (applications assessed quarterly)

Who is the funding for social entrepreneurs

Link:https://www.unltd.org.uk/awards/

About:

UnLtd aims to find, fund and support social entrepreneurs – enterprising people with solutions that change our society for the better. Their awards offer both funding and support to social entrepreneurs trying to start up or grow their social businesses.

This support includes grants and investment, as well as one-to-one coaching and guidance, mentorship and legal advice opportunities. The funding covers two scenarios:

1. Starting your social business: UnLtd can support people from the early stages of forming an idea to those who have been trading for under a year, whether or not you have already established your organisation. This includes exploring ways to increase your impact, establish your financial sustainability and grow as a social leader. Grants available up to £8,000.
2. Scaling up: Your social business has been running for over a year and under 4 years, is making a positive difference and you have compelling evidence of your impact. You are looking for support to realise your potential to grow your impact and expand. Grants available up to £18,,000.
In addition to their Awards, UnLtd has two focus areas where they think social entrepreneurs can make a big difference. They have dedicated teams and specialist support available to social entrepreneurs with ideas to help people in these areas:
  • Healthy Ageing – over the next five years we want to improve the health and wellbeing of 135,000 marginalised older adults in the UK and reduce health inequalities.
  • Access to employment – you have a business idea aimed at helping people into good jobs and meaningful employment, particularly those who are currently denied those opportunities.
Who can apply:

Social entrepreneur

ELIGIBLE

  • Are 16+ years old.
  • Living in the UK.
  • The founder of the social venture.

NOT ELIGIBLE

  • Looking for funding for a one-off or short-term project where there is limited potential for a sustained and longer-term impact.
  • Requests for support which are predominately for the individual to undertake academic qualifications or overseas travel.
  • Individuals who plan to employ others to undertake most of the work on their behalf.

Social Venture

ELIGIBLE

  • Has the potential to be a financially sustainable social venture or a real prospect to grow with our support.
  • Can demonstrate a clear need for your idea or social venture.
  • Is driven by its social purpose.
  • Needs our financial and non-financial support to make it happen.

NOT ELIGIBLE

  • Is predominantly focused on having an impact on people or places outside the UK.
  • Incorporated for over four years at the time of application (Companies House or Charity Commission registration).
  • Had a turnover of over £250,000 in their last financial year.
  • Involves political or religious campaigning.
  • Involves activities outside of the law, against public policy or anything which encourages ethnic, religious or commercial disharmony.
  • Social ventures whose focus is predominantly on raising awareness of social issues

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