Grants are available to assist charities and social enterprises in England that require extra support to become ‘investment ready’.
The total value of the Fund is £4 million. Grants of between £5,000 and £15,000 are available. In exceptional circumstance grants exceeding £15,000 may be available.
The Reach Fund, provided by Access – The Foundation for Social Investment and administered by the Social Investment Business, will provide £4 million of grant funding by 2018 to help more charities and social enterprises secure the investment they need to help them grow.
Grants must be used to implement an investment readiness plan which will be developed by an applicant’s Access Point. This may involve:
- Paying an external support provider
- Paying the Access Point to deliver specific work
- Organisations doing the work themselves