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06/06/2012 - Social Entrepreneurs Fund - Announcement of Next Deadline (Scotland)

Applications are invited from entrepreneurial individuals across Scotland looking to set up and run a business with a social and/or environmental purpose.

The Social Entrepreneurs Fund provides financial and business support to help get new enterprises off the ground.

The following three levels of Award are available through the Fund, depending on how far an idea has been developed:

• Level 0 Awards (up to £500) are primarily made through referrals.
• Level 1 Awards (£500 to £5,000) are for individuals who might need money to develop their business idea – for example, to test out a new idea.
• Level 2 Awards (up to £20,000) are for individuals who have progressed beyond this stage and are ready to go ahead with the idea and need resources to get going.

The scheme is open to any individual aged 16 and over and resident in Scotland who has a business idea and can demonstrate the need for assistance to make it reality.

Successful applicants will have the drive and passion to turn their idea into reality and must have given thought to how the money and support will help develop their idea.

Level 1 applications can be made at any time, with applications assessed on a monthly basis.  Level 2 Awards are distributed four times a year. 

The next deadline for Level 2 applications has been confirmed as 31 August 2012.

Click here for further details (opens in new window).

Source: firstportfunding.org.uk, 06/06/2012

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