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Finance for your Finance for your EnterpriseEnterprise
Finance for your Finance for your enterpriseenterprise
Julia Cutty (01273) 336337
East Sussex County Council Adult Social Care
What finance might be available for your organisation?• Depends on how you are set up legally
– Company – sole trader or limited company– Charity– Both a charity and a company limited by
guarantee– Community Interest Company (CIC)– Charitable Incorporated Organisation (CIO)– Voluntary or Community Organisation
What types of funding?
• Grants
• Loans
• Contracts
• Direct Payments/Self-funders
Grants• Government grants for businesses
– Contact Business Link for their online business support finder
• UnLtd - grants for social entrepreneurs under £20k for start up and early stage
• Trusts and foundations and National Lottery Funds
Successful funding applications• Remember, with funding applications:
– Check that your organisation is eligible to apply– Check that your project or service meet their
funding criteria– Read the guidance carefully– Answer the questions– Ask a colleague to read through the application to
make sure it makes sense to someone who won’t know your organisation
Loans• Capitalise Business Support
– Flexible business loan facilities together with on-going business advice and support;
• Social Investment Business – Secured and unsecured loans for social enterprises –
typical loan £20,000 upwards
• Triodos Bank, Charities Aid Foundation
• Successful loan applications will always
need a robust Business Plan
Contracts
• Your organisation enters into an agreement to provide services as specified and agreed with the service purchaser.
Direct Payments/Self-funders
• Individuals will chose to buy your services – Support with Confidence– Online Resource Directory
Support available
• Business Link, EDEAL and 1066 Enterprise• Social Enterprise Coalition• GRANTnet via the ESCC website• Guidestar, Charity Commission• Big Lottery Fund • ESCC External Funding Team 01273 481271
