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Strengthening business impact
Through fundraising
Technical Assistance
United Kingdom
Technical Assistance
Name of Funder
Growth Impact Fund
Value
£18,000
Deadline
Rolling
Priority Sector (SDGs)
General social impact
Sub Priority Sector
Industry, innovation and infrastructure
Funding Description
Technical Assistance (TA) is a grant fund that works with the Growth Impact Fund to increase access to social investment for diverse, underrepresented communities that have historically been excluded by the mainstream (and social) investment sector. It does this by providing funding and support to social entrepreneurs before and during the investment process.
Eligibility Information
To be eligible for support, organisations must be legally registered in the UK as a company or charity, and they can operate under any legal structure. Eligible ventures must have already demonstrated proof of concept by generating trading revenue and are looking to significantly increase both their trading income and social impact. They should be open to receiving funding as a repayable investment. The focus of the organisation must be on tackling inequity for marginalised groups in the UK, particularly addressing issues like socio-economic disadvantage, racism, gender and LGBTQIA+ discrimination, place-based deprivation, and disability discrimination. The support prioritises organisations that directly address these issues through their products, services, training, or employment. Investment is primarily offered in sectors such as consumer business, education, employment, health and social care. For equity and RPA investments, at least 75% board representation and 50% senior leadership representation from diverse groups is required, while debt investments require a demonstrated commitment to diversity, equity, and inclusion.
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