SEIF Capital Growth Fund

Thursday, 15 September 2011

The Social Enterprise Investment Fund (SEIF) Capital Growth Fund is offering capital growth grants and loans of £12 million to social enterprises working in health or social care. The Social Investment Business, along with Local Partnerships, manages the SEIF programme on behalf of the Department of Health.

Until 16 September, they will be taking applications from health and social care organisations for capital grants and loans. 

Grants of £50,000 to £150,000 will be awarded. Loans are also available if the organisation can show it is able to repay. Investments of over £150,000 will include a loan element. 

The grants are available for –
• Property or land purchase
• Some fees relating to capital projects including solicitors, architects and surveyors
• Property renovations and refurbishments
• Purchase of vehicles
• Equipment for delivery of services e.g. fixtures and fittings
• IT equipment

Organisations must be able to draw down and spend this funding by 31 March 2012.
http://www.thesocialinvestmentbusiness.org/seif./