FUNDING: Social Enterprise Investment Fund
SEIF looking to invest another £19m in health and social care social enterprises
The Department of Health’s Social Enterprise Investment Fund (SEIF), which is managed on its behalf by The Social Investment Business (SIB) working with Local Partnerships, will re-open this year with a further £19 million to invest in health and social care social enterprises, which are delivering exceptional care and driving innovation through their services.
Since the SEIF was launched in 2007 the Department of Health has invested over £100m in more than 600 social enterprises like Jamie’s Farm, Norcare, Jets Foundation and HCT Group working across a wide range of health and social care areas including disability services, mental health, substance misuse, carers organisations and those supporting people with long-term conditions. SEIF investment packages, which include grants and loans, have supported organisations at different stages, helping them become investment ready and then to scale-up and grow.
The Social Enterprise Investment Fund will open for applications this summer for existing social enterprises. Interested organisations are invited to register their interest in the Fund on The Social Investment Business website.
Spin-out enquirers (including Right to Request and Right to Provide) should contact Local Partnerships directly to discuss their needs and eligibility. Local Partnerships will progress these enquiries to applications as appropriate.
DH, SIB and Local Partnerships will be running a series of workshops for potential applicants in July. Organisations interested in attending should email [email protected] for an application form.