Skip to main content

03/09/13 14:26

£6 million to grow Scotland’s third sector

Swinney announces Enterprise Ready Fund.

Scotland’s third sector will benefit from a new Scottish Government fund to help maintain, develop and grow Scotland’s enterprising third sector John Swinney announced today.

The Enterprise Ready Fund, which will be open to applications in September, builds on a number of current initiatives that the Scottish Government has in place and will distribute £6 million during 2013 – 2015 to continue to support a sustainable, capable and enterprising third sector across Scotland.

The Fund will provide grant awards up to £250,000 to support the long term development objectives of new, emerging and established enterprising third sector organisations. Grants will be awarded to enterprising third sector organisations with the most sustainable and ambitious business plans and priority will also be given to activities that contribute towards the Scottish Government’s Prevention and Welfare Reform agendas.

Announcing the fund at Craigsfarm Community Development Project in Livingston, Cabinet Secretary for Finance, Employment and Sustainable Growth John Swinney said:

"Social enterprises, voluntary organisations and community organisations play an important part in Scottish society. They can deliver superb services, from creating employment opportunities to connecting with the most vulnerable people in our society. By investing in the third sector and enhancing its self-sufficiency, we can look forward to a future where these organisations play a full role in public sector reform, prevention and the mitigation of the impact of the UK Government’s welfare reforms."

The fund is being delivered by a consortium of third sector organisations led by Foundation Scotland in partnership with Community Enterprise in Scotland (CEiS), Developing Strathclyde Ltd (DSL) and the Social Value Lab. The Fund opens to applications in September and Foundation Scotland will begin to distribute grants at the end of this year.

Their Chief Executive, Giles Ruck said:

“We are delighted to be managing this grant programme alongside our consortium partners. The substantial investment by the fund offers the prospect of great returns in the form of more ambitious and effective third sector organisations. Drawing on our knowledge and expertise of grassroots groups and social enterprise, we will ensure that funding is targeted where it will achieve the greatest impact. We look forward to hearing from a diverse range of applicants from across Scotland and supporting them to sustain and grow their social and environmental impact.”

Notes to editors

The Enterprise Ready Fund builds on a number of current strategic contracts and initiatives that the Scottish Government has in place to continue to support a sustainable, capable and enterprising third sector across Scotland. It will distribute £6m during 2013 to 2015 to help maintain develop and grow enterprising third sector organisations. Grants of up to £250k will be available to support new, emerging, developing and established organisations to become more self-sustaining and grow.

The Scottish Government’s Enterprise Ready Fund is managed and administered by Foundation Scotland with consortium partners CEiS , DSL and Social Value Lab. Foundation Scotland will be holding information and briefing events in Inverness and Edinburgh on 10 and 12 September respectively.

Further information and full details of the Enterprise Ready Fund can be found at Foundation Scotland - http://www.foundationscotland.org.uk/programmes/the-enterprise-ready-fund.aspx