The Social Enterprise Assist Fund
The Social Enterprise Assist fund is back in Wales.
After three highly successful rounds of funding, the Social Enterprise Assist Fund is launching in Wales for the fourth time this July!
If you need money to grow, become more sustainable or increase your business capacity, and you want expert mentoring to focus your direction and growth plans, then you should seriously consider applying for this fantastic opportunity.
Fifteen social enterprises in Wales have already benefited from this localised social investment initiative and now’s your chance to join them.
Successful applicants will receive a package of support including:
- An interest free loan from £10,000 – £30,000 (with the potential to borrow more at 6.5%)
- Access to professional advisory services to support good financial management
- Optional access to expert business mentoring support
- Optional access to a range of expert support for organisational development
- Peer support from a network of ambitious local social enterprises
Even the process of application itself can be beneficial, helping you evaluate your current position with feedback from funders. Past investees are very positive about the process and support they receive throughout, finding it helpful for developing a robust business plan, which is crucial to the longevity and resilience of their enterprises.
Social Enterprise Assist Wales is managed by Legal and General, CAF Venturesome and the Wales Co-operative Centre, with support from Welsh Government, Business in the Community and the Institute of Directors. The team behind the fund really believe that affordable finance, paired with local business support, gives social enterprises the greatest chance of success in scaling their impact and boosting their communities.
Applications open on 1 July and close on 26 August. To apply, please visit the SE Assist Wales website.
We will also invite you to take part in the webinars that we’ll be hosting during the application window, which will give you the opportunity to ask questions and help you to prepare your submission. The first will be held on 2.30pm on Wednesday 17th July Please let Abi at CAF Venturesome know if you would like to join the call at email@example.com