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The voice of Scotland’s vibrant voluntary sector

Published by Scottish Council for Voluntary Organisations

TFN is published by the Scottish Council for Voluntary Organisations, Mansfield Traquair Centre, 15 Mansfield Place, Edinburgh, EH3 6BB. The Scottish Council for Voluntary Organisations (SCVO) is a Scottish Charitable Incorporated Organisation. Registration number SC003558.

New fund for developing social enterprises

This news post is about 7 years old
 

Organisations in the Aberdeenshire area urged to apply

Grants are being made available to develop and create social enterprises in Aberdeenshire.

Councillors have agreed a £200,000 Social Enterprise Support Fund which is open for applications until March 2019.

The new fund includes grants for permanent employees, training, expert advice and for feasibility studies into new income streams.

There is also a grant for the establishment of new social enterprises, and for new income streams for existing social enterprises.

To benefit from the scheme social enterprises will have to be legal entities which can trade and where there is an asset lock.

This means that if the business was dissolved the assets would be passed on to an organisation with similar aims.

There is also provision to ensure the award of a grant will not be detrimental to other local businesses.

Chairman of Aberdeenshire Council’s infrastructure services committee (ISC), Peter Argyle, said: “Aberdeenshire has some great social enterprises already.

"By creating this fund the council acknowledges the contribution they make to the north east community, helping to make them more sustainable and possibly broaden their horizons.”

ISC vice chair, John Cox, said: “There are a number of grants available for differing purposes, all designed to support existing social enterprises and encourage community minded individuals and organisations to consider the possibility of establishing a new one.

“This fund was established following feedback that specialist advice and financial support was essential in setting up a new social enterprise.”

Interested groups can apply here.