Social Impact Accelerator

The Social Impact Accelerator programme can provide flexibly structured loan finance to ambitious social enterprises. Loans between £200,000 and £1million are available to support activities that deliver substantial impact in scale, resilience and social impact. 

Overview 

The Social Impact Accelerator programme is looking to support expansion strategies which will deliver a ‘step-change’ in an organisation. This could include:

  • Investment in staff, marketing or other overheads in connection with capacity building and activity that will deliver identified revenue growth
  • Development of new products or services (based on identified demand or commissioning)
  • Expansion of existing products or services (geographic roll-out, social franchising)
  • ‘Deposit support’ for a strategic asset purchase (e.g. where bank finance results in a finance gap which would place undue strain on unrestricted cash reserves)
  • Short-term bridging support pending a specific and clearly defined repayment event (such as an identified inward investment or cash-receipt) 

Eligibility 

The Social Impact Accelerator is open to ‘regulated’ social enterprises only. It is not designed for start-up or very early-stage enterprises, although entities which are newly-created but contract-backed will be considered.

To apply, you will need to fall within at least one of the following categories:

  • a charity or charitable incorporated organisation registered with the Charities Commission of England and Wales and/or the Office of the Scottish Charity Regulator
  • a wholly-owned subsidiary of a Charity
  • a community interest company (whether limited by guarantee or shares)
  • an industrial and provident society which is a community benefit society

You should have an articulated social plan in addition to clear social objectives specified within your constitutional documentation and your social impact should fall within the United Kingdom.

How to apply

Visit the Social Impact Accelerator website to find out more and apply for funding. 

Alternatively, you can contact our business growth team here at the LEP on 0113 3481818 or BusinessGrowth@the-lep.com to find out more. 

Case Study

BCA Group plans job creation following LEP investment
30th October 2018

BCA Group plans job creation following LEP investment

Caravan industry wiring systems and electrical components manufacturer, BCA Group, has outlined plans for further growth after completing a £2.7m e...

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