The Social Enterprise Development Fund is a €3.2 million Fund which will be delivered over four years: 2018 – 2022.
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 matching funding for all philanthropic 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 Ireland.
The objective of the Fund is to find and back social enterprises that add to the social and economic fabric of their community by way of social impact.
The Fund will provide critical support to the most innovative and impactful social enterprises across Ireland, helping them to:
- Increase their social impact.
- Increase their traded income
- Create more jobs.
- Develop long-term, effective and sustainable solutions.
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 are innovating every day by inventing and developing solutions to Ireland’s most pressing social issues. They are creating jobs, tackling disadvantage and supporting community development.
There are also a number of other supports available including an Accelerator Programme and Genesis Programme.
The closing date is March 6th next.
To view details of these and cash grants, application forms, further information, etc., simply CLICK HERE