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Social Investment Tax Relief

If your answer to the heading is what? Then, perhaps this is for you.

Our friends over at Resonance SITR Fund are holding their first annual marketplace event on 20th June 2019 in Birmingham City Centre at the Studio.

The event will bring together investors, investees and stakeholders from across the West Midlands, to celebrate all that’s been achieved in the first year since the Fund’s launch, as well as looking forward to the year ahead. You will hear from a variety of social enterprises tackling poverty and disadvantage in the region through our live Marketplace, as well as the investors backing them, and a range of Wealth Managers and Financial Advisors that are supporting their clients to invest for impact.

You can also get your hands on some top social enterprise products through our ‘Buy Social’ Give Away.

Canapés & Wine will be served by Award Winning Social Enterprise, Change Kitchen.

Spaces are limited so please register for your ticket here

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Match Trading Opportunity Open

Our friends over at the School for Social Entrepreneurs Midlands have asked us to highlight the Match Trading programme that’s now open for applications… see details:

More power to community businesses, with up to £10,000 and a learning programme on offer to help them grow.

Eligibility

The organisation must have been established and run by a group of people from a local (geographic) community for the benefit of that community.

Applications are now open for the Community Business Trade Up Programme, run by the School for Social Entrepreneurs in partnership with Power to Change

Community businesses across England can now apply for a learning programme and a grant matched to their earnings of up to £10,000, to support their growth and increase the difference they make to their local area.

The Community Business Trade Up Programme, run by the School for Social Entrepreneurs (SSE), in partnership with Power to Change, is open for applications until Thursday 14th February 2019. This is the third year the programme has run.

The programme supports the leaders of community businesses with:

  • a Match Trading™ grant of up to £10,000
  • a fully funded nine-month learning programme (consisting of 12 learning days)
  • a community of supportive peers

The Match Trading™ grant, created by SSE, is a new type of grant-funding that pound-for-pound matches an increase in income from trading. By rewarding sales growth, Match Trading incentivises social organisations to develop their trading base, so they can build stronger futures.

Think this is for you – see this link to begin https://www.the-sse.org/courses/community-business/

More info

Community businesses from across England can find out more and apply
now until Thursday 14th February 2019, at:
https://www.the-sse.org/community-business 

Information Sessions across the Midlands.
Coventry – 9th Jan – Book via
Central Birmingham – 16th Jan – Book via
Leicester – 23rd Jan – Book via
Smetwick – 30th Jan – Book via

Good Luck!

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So that’s what a social enterprise is!

Social Enterprise is a way of doing business. Last Social Saturday (2015) we sponsored a range of video showcases to help you understand more about social enterprise and the varied things they do, see below.

If you need help and want to start or grow your social enterprise then give us a call 0121 667 6810.

WBC Fit Club CIC

 

The Olive Branch Kitchen CIC

 

Jericho Foundation (Charity) running a number of social enterprises here is the Print Works

Want to see more? Head over to our Youtube channel 

 

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Want to find out more about the School for Social Entrepreneurs?

The West Midlands School for Social Entrepreneurs is holding an information event ahead of its next round of recruitment. If you’re interested in the programme why not pop along to find out more?

Demand for the Lloyds Bank Social Entrepreneurs Start Up programme at the School for Social Entrepreneurs is high; so they are starting taster and information sessions early for our 2016/17 intake.

The programme provides 15 days of support, a Big Lottery grant of £4000 for participants, plus a mentor from Lloyds Bank over a 12 month period. As a result, demand outstrips the number of places they can offer – around 20 in the West Midlands and 20 in the East Midlands.

Their next programme starts in October 2016 and applications can be made between 1 February and 21 March 2016.

To help you understand more about the programme, decide if its right for you and get some useful tips and guidance on applying, we are running our first ‘taster session’ in Birmingham on 17 December from 5:30 to 8:00 pm.

More information and booking https://ssemidlands.typeform.com/to/irdQlA

 

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SEWM- Social Finance Fair – 1st Oct 2015

Just a quick note to say SEWM’s Social Finance Fair is fast approaching so if you haven’t booked yet then maybe now is the time.

Key speakers include:

  • Nick Temple – Social Enterprise UK and Chair of the Social Investment Forum
  • Melanie Mills – Big Society Capital – Social Sector Engagement Director
  • Kieron Boyle – The Cabinet Office – Head of Social Investment
  • Seb Elsworth – The Foundation for Social Investment – Chief Executive

As well as hearing from these key speakers, there are a series of master classes and a a host of exhibitors including:

 

Aston Reinvestment Trust |Big Lottery Fund | Big Society Capital |Black Country Reinvestment Society |Blue Sky Corporate Finance | CAF Venturesome | Charity Bank |Cogent Ventures | Crowdpatch | FSE Group CIC | Harris Accountancy | Locality | PwC | Resonance | Social Investment Business | SSE Midlands | The Key Fund | Triodos Bank | Unity Trust Bank

The event is being held at Birmingham Voluntary Service Council’s Conference Centre, just a few minutes away from New Street station (which as some of you will know is now called Grand Central) which opened yesterday (20th September 2015) after a five year £600m re-vamp, so perhaps worth a visit too!

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Social Investment Tax Relief Made Simple – Free Webinar

Our friends at Big Society Capital have asked us to highlight this training which is aimed at advisors who provide support to other groups.

An overview of the things you need to know to understand how SITR can offer a route to raising funds for the organisations you work with.

 DATE: Tuesday 29th September 2015

TIME: 11am

DURATION: 45 minutes

As part of Big Society Capital’s GET IT initiative, we are hosting a free webinar for providers and advisors that work with trading charities and social enterprises to help them understand the opportunities that Social Investment Tax Relief (SITR) brings to the sector. BWB Consultant, Neil Pearson, is our SITR expert and will provide a 30 minute walk through of who, what and when SITR can be used. This will be followed by 15 minutes of Q&A time.

Further free CPD accredited events will be offered to those advisors who after the webinar feel they would benefit from a more detailed understanding of SITR.

If you are interesting in participating in this webinar, please sign-up here.

Please contact Esther Blake on eblake@bigsocietycapital.com for any further questions.

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Impact Readiness Fund

A quick post before we sign off for the Christmas break.

Are you a social venture that aims to seek investment or new contracts? Would improving and demonstrating your social impact help you to get there?

If the answer’s yes then you may want to have a look at the (time-limited) Social Investment Business (SIB) Impact Readiness Fund http://www.sibgroup.org.uk/impactready/criteria/

You’ll need to work with an “approved provider” (we know a few and can help here too) and meet the qualification criteria below.

  • Organisations must be social ventures that tackle social problems, are financially sustainable and want to scale up (this includes registered charities, social enterprises, companies limited by guarantee with charitable aims, Community Interest Companies, mutuals).
  • Must be based in England and this funding must support only work that will be done in England
  • Must be able to demonstrate a strong commitment to securing investment (not grant finance), or to delivering public or private sector contracts
  • Have a strong track record of delivery
  • Provide clear and specific plans to build their ability to articulate their impact and to raise investment / win contracts. Applications must outline specific milestones and outcomes that will be achieved as a result of the grant
  • Applications should be for a new project or significant additional activities that meet the above aims
  • Applicants will be required to address the following in their grant applications: theory of change, beneficiaries, wider impact
  • Able to complete work plan within a maximum period of three months

Good luck and Merry Christmas!

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