PAUL Partnership is inviting applications from local social enterprises for the Small Capital Grants Scheme, announced this week by Mr Michael Ring TD, Minister for Rural and Community Development.
The scheme will provide grants of between €2,000 and €15,000 for equipment, repairs or refurbishments which will enable social enterprises to improve their service.
Grants from €2,000 to €15,000
The scheme is an initiative under the National Social Enterprise Policy for Ireland 2018-2022, which the Minister published in July, and will be administered through the Local Development Companies.
Whilst PAUL Partnership will administer the fund, all decisions on grant awards will be made by the Department of Rural & Community Development. It is expected that applicants will be notified of the results of their application by the Department of Rural and Community Development by December 11th.
You must be a Social Enterprise as per the definition in the National Social Enterprise Policy:
“A Social Enterprise is an enterprise whose objective is to achieve a social, societal or environmental impact, rather than maximising profit for its owners or shareholders.
It pursues its objectives by trading on an ongoing basis through the provision of goods and/or services, and by reinvesting surpluses into achieving social objectives.
It is governed in a fully accountable and transparent manner and is independent of the public sector. If dissolved, it should transfer its assets to another organisation with a similar mission.”
Grants of between €2,000 and €15,000 are available to social enterprises under this scheme. Amounts approved will ultimately be subject to the total number of applications received and the overall budget available (€1 million).
Deadline: 11 November 2019
Info Evening: 5 November 2019
BNest will be holding an open consultation clinic on the 5th November between 5pm and 7pm in Nexus Innovation Centre for anyone requiring further information or support with their application.
For further information or an informal chat please contact Wendy on 089 943 6278.
This grant is to cover Capital costs including equipment. Repairs and refurbishment of existing facilities can also be funded.
The purchase of vehicles is not eligible under this scheme. Similarly, overhead costs, administrative costs or human capital costs for applicants are not eligible.
Priority will be given to social enterprises that have not previously sought funding for capital purposes but factors such as demonstrable need and the potential impact of the grant on service delivery will also be taken into account.
Grants will be paid in arrears on the basis of vouched invoices for purchases and works completed. Applications must be in a position to cover the up-front costs of purchases or works and claim reimbursement on completion of those purchases and works.
Small Grant Funding Application Form:
Guidelines for Small Grants Applications:
(Pages 34-37 of this document may, in particular, be helpful in the context of the scale of this grant scheme)