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Applications are now open for a €1.6m fund to develop social enterprises in Ireland

Applications are now open for a €1.6m fund to develop social enterprises in Ireland. The fund was created by Social Innovation Fund Ireland in partnership with Local Authorities Ireland. Deadline: 28th March.
Find out more: http://www.socialinnovation.ie/social-enterprise-development/
The Social Enterprise Development Fund is a €1.6 million fund which will be delivered over two years, 2018 – 2020. The fund was created by Social Innovation Fund Ireland (SIFI) in partnership with Local Authorities Ireland and funded by IPB Insurance and the Department of Rural and Community Development.

The Department of Rural and Community Development provides match funding for all funds raised by Social Innovation Fund Ireland, through the Dormant Accounts Fund. IPB Insurance is an Irish owned general insurance company which protects and supports their local authority members and their communities across the length and breadth of Ireland.

WHAT IS A SOCIAL ENTERPRISE?

Social enterprises are organisations whose mission is to have a positive effect on society. They generate revenue through their products or services and reinvest their profits back into their social mission.

Social enterprises develop solutions to Ireland’s most pressing social issues by creating jobs, tackling disadvantage and supporting community development.

We believe there is a need to foster and invest in these social enterprises to allow them to grow and spread their solutions throughout the country.

WHAT DOES THE FUND OFFER?

Eight cash grants of €50,000

Up to eight social enterprises will receive a cash grant of €50,000.

At least two grants will be awarded to support the most innovative and impactful projects proposed by social enterprises in each of the following categories

Best Social Enterprise Project Urban x 2Best Social Enterprise Project Town x 2Best Social Enterprise Project Rural x 2

WHO CAN APPLY?

The applicant must be a social enterprise with a not-for-profit legal form. Social enterprises are defined as organisations that:

Have a clear social mission and make a social impactGenerate income from goods or servicesReinvest any surplus in achieving their missionAre separate from government or state agencies

The Social Enterprise Development Fund will accept applications from:

Social enterprises, as defined aboveSocial enterprises which sit within larger not-for-profit organisations, such as charities and voluntary organisations

SOCIAL INNOVATION FUND IRELAND STANDARD CRITERIASIFI aims to assist social enterprises that have developed a specific project that adds to the social and economic fabric of their community by way of social impact. Applicants will be considered against these criteria:

The project must already be up and runningThe project must address a critical social issueThe solution proposed must be innovative in an Irish contextThe project must have potential to scale or replicate in IrelandThe project must provide evidence that it is up and running, or has been tested at least minimallyThe project must be based on the island of Ireland and make its main impact in the Republic of IrelandApplicants must come from an entity that has a not-for-profit legal form.

Click here to apply

The deadline for applications is 28th March 2018 at 5 pm.

Applicants must be available for interview in Dublin between the 30th of April and 4th May 2018.

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