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Grant

Enterprise Development Programme

EDP
Type: Grant
Value: Up to £30k
Location: England
Currently open? : Yes
EDP

What is the Enterprise Development Programme? 

The Enterprise Development Programme (EDP) offers tailored support to environmental organisations and organisations led by those from Black and Minoritised communities. Support packages can include the opportunity to join a peer cohort, grants of up to £30k, direct advice and more. 

 

Who is it for?

Charities and social enterprises looking to build their financial resilience and impact by developing enterprise ideas.

 

Am I eligible?

You are eligible if your organisation: 

  • Is thinking of exploring new models of trading to become more financially resilient and requires support to make the transition. The long-term goal may be to take on social investment, but that isn’t a requirement for a place on EDP
  • Is located in England
  • Has a clear social mission 
  • Distributes less than 50% of post-tax profits and reinvests at least 51% of surpluses into pursuing its social mission 
  • Has a constitutional or contractual lock on its social mission, dividend and surplus distribution policy (also known as an asset lock)
  • An incorporated organisation – EDP is open to registered charities with a company attached and Charitable Incorporated Organisations (CIOs) only
  • Must be a social enterprise, charity or not-for-profit company based and working in England and have been operating for at least 2 years.  
  • Able to provide the last full year of accounts.  
  • Has an annual revenue of between £50k and £1.5m 
  • Gets no more than 80% of income from one statutory source  
  • Can evidence current trading activities, which require support/development and show commitment from senior management and the Board 

Organisations must also have good governance, and a minimum of 2 independent Directors; the funds cannot support sole traders. 

What could I receive?

A tailored business support package to meet the needs of your organisation. It could include:

  • Joining a peer cohort to share enterprise journeys (likely to be a standard requirement of all participants)
  • Grants of up to £30k (with occasional exceptions) to research or test out new ideas, to launch new enterprises or grow existing ones. Grants are likely to be conditional on evidence of growing income streams, using methods such as MatchTrading TM
  • Training and learning opportunities tailored to needs
  • Direct advice and support

The fund offers:

Product Grant and business support
Amount  Up to £30k
Purpose Tailored support for environmental organisations and BAME led-organisations

 

 

How do I apply?

You can apply – and find more information about sector grant application windows and eligibility – on the Enterprise Development Programme website.

How does the fund work?

The Enterprise Development Programme is funded by Access – The Foundation for Social Investment and managed by a coalition of partners.

A year–long pilot of the Programme was launched in September 2018 for charities and social enterprises working in the youth and homelessness sectors. Following the success of this pilot, the mental health and equality sectors were welcomed on board.

Our EDP partners

AccessThe Centre for Youth ImpactHomeless LinkEqually OursAssociation of Mental Health ProvidersThe Ubele Initiative

 

Chat to us

Want to chat through the process or find out if the Enterprise Development Programme is right for you? We’re here to help. Get in touch:

grants@sibgroup.org.uk or 020 3096 7900

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