A new investor in the social sector has just launched – Big Society Capital. “We enable organisations tackling social issues to grow by encouraging investments made for social as well as financial return”.
As a body the organisation is purposed with only lending capital to social investment finance intermediaries (SIFI’s). This is a range of UK organisations who offer social investment to, and seek ethical and financial returns from, frontline Thirdsector organisations.
The Big Society Capital organisation will invest a minimum of £500,000 and a maximum of £15 million, dedicating their funding across a broad aspect portfolio of projects.
There is no doubt that, if this is new money, then intermediary organisations who seek to lend to and develop infrastructure projects with the Third Sector now have an exciting new source of funds to deploy. If theIr applications and business plans are rigorous enough.
For smaller charities and social enterprises one interesting aspect of the Big Society Capital web site, although excluded from BSC funding, is that smaller organisations can access a database of advice, guidance and finance providers to the sector.
This resource can be searched whether looking for grants, business advice or investment. You can find the BSC database here. A really useful, one stop tool we think for smaller charities or social organisations.
This useful booklet can help your organisation, group or club think about its finances, how you are governed and what you might be able to do in terms of fund raising or developing income streams from your existing activities.
The booklet has a number of useful tools and templates that can help your committee plan or to develop some recommendations for ideas for your group to consider.
At the end of the short, clearly laid out booklet is a list of useful web links and other resources and organisations that might be useful.
Don’t forget – if you have an idea for developing how your committee works, or a social enterprise or community business idea then The Sandringham Enterprise Centre team are here to help too. We can share our knowledge and expertise for free with you – helping change happen and income develop.
You can contact us here: firstname.lastname@example.org
After working closely with the Charity Commission our board has now achieved charitable status for the Sandringham Enterprise Centre (SEC).
This important development means that we can begin the work of raising money to develop services in our Centre, to work with individuals and groups to raise funds for their projects and develop a sustainable social enterprise model for delivery of the work of the Centre.
Our objects as a charity are given below…
To further or benefit the residents of Marham and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation leisure time occupation with the objective of improving the conditions of life for the residents.
In furtherance of these objects but not otherwise, the trustees shall have power:
To establish or secure the establishment of a community centre and to maintain or manage or co-operate with any statutory authority in the maintenance and management of such a centre for activities promoted by the charity in furtherance of the above objects.
What does all this mean?
As volunteers, using our energy and commitment, this means that we will work together to develop our Centre, bringing forward new things, but keeping and supporting existing groups and services too.
As your local charity – supporting each other in difficult times and creating as many broad smiles as possible whenever we can.
The Centre recently staged a successful Volunteer Day on Wednesday, 20th October, 2010.
It was great to see so many people there, whether in uniform, groups from the Centre, mums and dads with children, visitors from the wider Voluntary Sector in the county and everyone else who was able to attend.
As a team The Sandringham Enterprise Centre Limited is now a Company Limited by Guarantee, with the next step to complete our application to the Charity Commission to become a Charitable Company. Helping to raise new funds, deliver new services and support the work already taking place in our Centre.
We’ll also continue to keep you up to date on the Centre blog about the building works about to get under way too.