Announcing a call for proposals of a €1 million Small Capital Grants Scheme for social enterprises throughout Ireland.
The scheme, which is funded by the Dormant Accounts Fund, will provide grants of between €2,000 and €15,000 for equipment, repairs or refurbishments which will enable social enterprises to improve their service delivery. The scheme is an initiative under the National Social Enterprise Policy for Ireland 2018-2022, which was published in July, and will be administered through the Local Development Companies.
One of the main objectives of Ireland’s first National Social Enterprise Policy which was launched in July, is to grow and strengthen social enterprises.
Social enterprises are businesses whose core objective is to achieve a social, societal, or environmental impact. Like other businesses, social enterprises pursue their objectives by trading in goods and services on an ongoing basis. However, surpluses generated by social enterprises are re-invested into achieving the core social objectives.
They frequently work to support disadvantaged groups such as the long-term unemployed, people with disabilities, travellers, etc., or to address issues such as food poverty, social housing, or environmental matters.
The new small capital grants scheme will support over 100 social enterprises through funding of €1 million from the Dormant Accounts Fund.
The scheme will be of particular interest to smaller or start-up social enterprises which do not necessarily have the capacity to compete for larger grants.
Today’s announcement follows on from a call for proposals for Training and Mentoring of social enterprises, and is another important step in the implementation of the National Social Enterprise Policy.
Full details of the Small Capital Grants Scheme for Social Enterprises, including Applications Forms and Guidelines, as well as a list of Local Development Companies and their contact details, will be available onlinat at: https://www.gov.ie/en/publication/9c56eb-small-capital-grants-scheme-for-social-enterprises/
If you need any help with applying for the scheme, please let me know as I would be happy to assist. You can email me at Hello@DeirdreDuffy.ie or ring me on 083 383 4037.