Funding news

Social Investment Business announces £21.5m in funding - 8 June 2012

Social Investment Business has this week announced two new rounds of social sector funding - £19 million for health social enterprise and £2.5 million for community organisations.

The Social Enterprise Investment Fund (SEIF), which invests in health and social care organisations, will re-open this summer with around £19 million in funding.

The new funding has been announced jointly by the Department of Health and the Cabinet Office, which are keen for some of the funding to go to frontline staff to create spinout mutuals and run services.

Communitybuilders has also been announced £2.5 million worth of funding and is due to open on 11 June 2012.

Deputy chief executive of the Adventure Capital Fund Caroline Forster said: “We want to hear from established organisations, particularly those delivering services in areas of high deprivation or who have already raised financial contributions for their project. Our vision is to help community organisations to eventually become commercially investable and therefore we want to support those organisations that are looking to both expand and become more financially independent but who can’t currently access commercial loans.”

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