Big Potential Opens for Applications

The Big Lottery Fund has announced that Voluntary & Community groups and Social Enterprises (VCSEs) can now start their application process for its new £10 million "Big Potential" programme.

The "Big Potential Fund" which will be managed by the Social Investment Bureau will provide grants of £25,000 - £75,000 to help VCSEs carry out investment readiness work with a small group of approved providers. Big Potential will be targeting not for profit organisations that are both at an early stage of their investment readiness journey and those that are further along that journey, who are seeking to raise up to £500,000 in external investment.

The programme is designed to complement a range of other initiatives including the Cabinet Office's Investment and Contract Readiness Fund. Eligible organisations can include:

Before charities apply to the fund they will be able to access support from Charity Bank, Social Enterprise UK or Locality before submitting an application. They will then be expected to approach an approved provider, and the charity and provider will make a joint bid to the fund.

Applications will be accepted on a rolling basis.

More information here.