First Steps Enterprise Fund

The deadline for applications to be considered for the investment panel was noon Friday 11 December 2015.

Details of the next panel meeting will be available shortly. 

First Steps Enterprise Fund is a £300,000 pilot fund offering loan-grant packages to charities and social enterprises working in communities in England. Small community-led organisations could apply for up to £30,000 to help them grow their services and become more sustainable. The investments are the first steps towards accessing the wider social investment market and more financing options. 

It is a pilot partnership between Asda Foundation and the Social Investment Business Foundation. The fund intends to encourage other UK corporate foundations to use their money innovatively to create social impact in communities across the country. It will complement Asda Foundationís other programmes and will meet their aim of creating stronger and more sustainable communities.

Details of the next application round will be available in the new year.