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Social Enterprise Investment Fund
The Social Enterprise Investment Fund is open for business for social enterprises working in health and social care. The budget for the Department of Health’s SEIF has been confirmed for this financial year. We encourage people who already work for social enterprises or who are interested in setting one up to get in touch to learn how their organisations and the people they serve could benefit from SEIF investment.
The Social Enterprise Investment Fund supports social enterprises involved in the delivery of health and social care services. Investment and support is available for new social enterprises to start up and existing social enterprises grow and improve their services.
The SEIF financial products
We manage the Social Enterprise Investment Fund with Local Partnerships, on behalf of the Department of Health.
The Social Enterprise Investment Fund offers seven financial products:
Personalisation Fund
The Personalisation Fund provides loans-based investments of £50,000 – £10,000,000 and may also include capital, revenue or business development grants, equity and professional support. It funds the development of services to manage individualised budgets under the personalisation of care agenda.
Growth Fund
The Growth Fund provides loans-based investments of £50,000 – £10,000,000 and may also include capital, revenue or business development grants, equity and professional support. It funds the growth of existing organisations and may be used to acquire or redevelop capital assets.
Innovation Fund
The Innovation Fund provides loans-based investments of £50,000 – £10,000,000 and may also include equity, revenue grants and professional support. It’s mainly for early stage organisations with new ideas for innovation in health and social care products and services.
Collaboration Fund
The Collaboration Fund provides loans-based investments of £50,000 – £1,000,000 and may also include revenue grants and professional support. This product is designed for organisations that are looking to substantially improve their service delivery through the exploration of mergers collaborations and strategic partnerships with other organisations.
Tender Fund
The Tender Fund provides interest-free loans-based investments of £3,000 – £50,000 over a term of 6 months – 3 years. Grants will be offered only to organisations with a turnover of less than £250,000. This product is designed specifically to help organisations tender successfully for public sector contracts.
Right to Request Fund
The Right to Request Fund provides loans-based investments of £50,000 – £10,000,000 to support organisations that are proposing ‘spin out’ or alternate provision of NHS services into a social enterprise. Capital grants will also be available where appropriate as part of the loan package.
How will State Aid affect my application?
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About us
The Social Investment Business is the fastest growing social investor in the UK. We manage government funds totalling over £400 million, available to third sector organisations - charities, social enterprises and community groups.