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BIG puts another £10m into programme to help charities win contracts and take investment

The Big Lottery Fund has doubled the amount of funding available through its grants programme to help charities win contracts and investment.

It also separated the fund into two streams of investment, with a new stream for organisations that are at a more advanced stage and are on the brink of securing investment.

BIG launched the Big Potential programme with £10m last Februry 2014 to make grants of between £25,000 and £75,000. It is a three-year programme designed to enable charities to carry our “in-depth investment readiness work” with approved providers.

The new ‘advanced route’ will allow charities to access grants of up to £150,000 if they are looking to raise investments of over £500,000 and win contracts of over £1m. They should also be clear about how social investment will work for their organisation and be able to “describe a potential deal or interest from investors and need help to close that deal”.

The previous funding stream is now known as the ‘breakthrough route’ and will continue.


Read the rest of this article at Civil Society.