Funding news

11.11.15 - Round two of the Impact Readiness Fund opens

The Impact Readiness Fund offers grants and support to social ventures to understand and improve their social impact and demonstrate improvements to investors and commissioners.

Social investors and commissioners are interested in the social impact ventures achieve, but demonstrating this impact can be difficult. Many social ventures struggle to quantify their achievements without the right systems and expertise.

This fund offers grants and support to social ventures to understand and improve their social impact and demonstrate improvements to investors and commissioners.

Grants between £25,000 and £100,000 will be available to help ventures build infrastructure and skills required to manage their performance, increase their social impact, and attract social investment / win contracts.

  • Help ventures collect and analyse data in order to drive efficiencies and improvements in service delivery and impact.
  • Enable ventures to maximise and demonstrate social impact at the core of business planning
  • Develop the skills, capacity, and systems to understand and improve their performance.

Social ventures will be required to work with one of the fund’s approved support providers to develop a programme of impact readiness work and submit an application.

Source: http://www.sibgroup.org.uk/impact-readiness-fund/