Funding news

Two new social enterprise funds may be launched next year - 4 July 2012

The government is considering launching two new funds to support social enterprise in the next year, according to a report published yesterday by the Cabinet Office.

Growing the Social Investment Market: Progress Update says the government is working on a "social incubator fund", which will back organisations that provide "space, finance and support" to start-up social enterprises, and also on an "outcomes finance fund" that will support social ventures delivering large public contracts with long-term goals, particularly through social impact bonds and payment-by-results contracts.

The document also outlines the progress made since the government’s social investment strategy, published last year, which outlined a number of goals for Big Society Capital, social impact bonds, tax breaks and regulation.

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