APPLICATION PROCESS IS NOW CLOSED
Dormant Social Enterprise Capital Grant Scheme 2021.
Heather Humphreys TD, Minister for Rural and Community Development has approved funding of €1m to be allocated nationally to the Dormant Accounts Fund Social Enterprise Capital Grants Scheme 2021. The scheme is to be rolled out through the network of Local Community Development Committees.
The Social Enterprise Capital Grants Scheme 2021 is one initiative being taken by the Department of Rural and Community Development under the National Social Enterprise Policy for Ireland. This scheme aims to support social enterprises and is complementary to other supports provided by the Department.
The fund will provide social enterprises with small capital grants and is one of a number of schemes being funded from the Social Enterprise Measure of the Dormant Accounts Fund in 2021.
What is a social enterprise?
Social enterprises are businesses that work primarily to improve the lives of people. Their core objective is to achieve a social, societal, or environmental impact. Like other businesses, Social Enterprises pursue their objectives by trading in goods and services on an ongoing basis. However, surpluses generated by social enterprises are re-invested into achieving their core social objectives. They frequently work to support disadvantaged groups such as the long-term unemployed, people with disabilities, the Traveller community, etc., or to address issues such as food poverty, social housing, or environmental matters.
Applicants will be required to confirm that their organisation meets the definition of a social enterprise as set out in the National Policy – National Social Enterprise Policy for Ireland 2019-2022
What kind of projects will the Scheme fund?
Under this social Enterprise Small Capital Grants Scheme 2021, grants will be provided to social enterprises towards small scale capital projects. Capital costs incurred by social enterprises for the purchase of equipment are eligible. Repairs and refurbishment of existing facilities can also be funded.
It should also be noted that expenditure incurred before the date of grant approval will not be eligible for funding.
What kind of expenditure will NOT be funded under the scheme?
The scheme does not provide funding for operating costs (e.g. the employment of staff, electricity costs, heating costs, etc.) or administrative costs.
Opening Date: Thursday 16th September 2021
Closing Date: Friday 8th October 2021 @ 4:00pm
The closing date for receipt of applications is Friday 8th October 2021 at 4.00 pm. Please ensure that all documentation required to complete the application is included, otherwise this may render your application invalid.
The application process is administered by Laois Local Community Development Committee (LCDC).