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The Social Enterprise Investment Fund to invest a further £19 million in health and social care social enterprises

The Department of Health’s Social Enterprise Investment Fund (SEIF), which is managed on its behalf by The Social Investment Business (SIB) working with Local Partnerships, will re-open this year with a further £19 million to invest in health and social care social enterprises, which are delivering exceptional care and driving innovation through their services


Since the SEIF was launched in 2007 the Department of Health has invested over  £100m in more than 600 social enterprises like Jamie’s Farm, Norcare, Jets Foundation and HCT Group working across a wide range of health and social care areas including disability services, mental health, substance misuse, carers organisations and those supporting people with long-term conditions. SEIF investment packages, which include grants and loans, have supported organisations at different stages, helping them become investment ready and then to scale-up and grow.

The Social Enterprise Investment Fund will open for applications this summer for existing social enterprises. Interested organisations are invited to register their interest in the Fund on The Social Investment Business website.

Spin-out enquirers (including Right to Request and Right to Provide) should contact Local Partnerships directly to discuss their needs and eligibility. Local Partnerships will progress these enquiries to applications as appropriate.

DH, SIB and Local Partnerships will be running a series of workshops for potential applicants in July. Organisations interested in attending should email providerlandscape@dh.gsi.gov.uk for an application form.  

Ends

Notes to editors 

1. For further information or interviews, please contact The Social Investment Business press office: Nandini Das 0207 842 7724 nandini.das@thesocialinvestmentbusiness.org  

2. For further information on Cabinet Office/Department of Health mutuals support go to http://mutuals.cabinetoffice.gov.uk/  

3. The Social Enterprise Investment Fund is managed on behalf of the Department of Health by The Social Investment Business working with Local Partnerships. For more information go to: http://www.thesocialinvestmentbusiness.org/seif  

4. The Social Enterprise Investment Fund was set up by the Department of Health in 2007 to enhance the role of social enterprise in the provision of health and social care. SIB has managed the fund since June 2009  and since then has invested over £82million in 458 social enterprises in the health and social care sector. More information on SEIF investees: http://www.thesocialinvestmentbusiness.org/investees/seifinaction/.

5. The Social Investment Business Group (SIB Group), the largest social investor in the UK, exists to help social enterprises, charities and community organisations do more of what they do best – supporting people and communities most in need.

6. The SIB Group which includes the Social Investment Business and its parent charity Adventure Capital Fund, manages the Futurebuilders Fund, Social Action Fund and the Investment and Contract Readiness Fund on behalf of the Cabinet Office’s Office for Civil Society, the Social Enterprise Investment Fund for the Department of Health and the Communitybuilders Fund which was endowed to parent charity the Adventure Capital Fund by the Department for Communities and Local Government. 

7.SIB currently has over 1,200 active investments which range in size and scope from, for example,  £3,600 to help a small organisation bid successfully for a public sector contract, to £6.7million to help a large national charity establish and develop innovative new services for children and young people. For more information please contact: www.thesocialinvestmentbusiness.org    @TheSocialInvest

8. Local Partnerships is responsible for supporting spin-out (including Right to Request and Right to Provide) enquiries to SEIF. A spin-out is a group of public sector workers who have come together to establish a stand-alone social enterprise outside of the public sector, with the aim of delivering improved public services. Some spin-outs have followed the Right to Request or Right to Provide policies, some are in development while others have launched. As a spin-out will provide services historically provided from within the public sector they will typically be awarded a contract for services as part of the spin-out process. Please contact Local Partnerships for further information: Julie.McEver@local.gov.uk or 020 7187 7376.

9. DH, SIB and Local Partnerships will be running a series of workshops for potential applicants in July. Organisations interested in attending should email providerlandscape@dh.gsi.gov.uk for an application form.  


Interested in the Social Enterprise Investment Fund?


You can register your interest in the Social Enterprise Investment Fund to receive fund updates and further information. 

Register interest

Applicant workshops


Thinking about applying to the £19million on offer from SEIF? Why not attend the applicant workshop for support on making an application.

Apply for a place