Scottish Social Enterprises Vie for Funding Worth 3.3 million Pounds

credit: Flickr

Investment programmes, Step Up and Scale Up Challenges, are being launched to support all social enterprises across Scotland.

Social Investment Scotland (SIS) created the two funding challenges worth 3.3 million pounds to reflect the needs of customers as well as the nature and scope of nonprofit organisations.

According to Alastair Davis, chief executive of SIS, the two new funding challenges aim to help those with ambition and drive to grow their social impact.

The Step Up Challenge will provide a number of smaller, or earlier stage organisations with financial support ranging from 10,000 - 100,000 pounds.

The Scale Up Challenge has £3m of funding and is aimed at larger, more established and ambitious organisations that are looking to scale their activities in a more significant way.

Applications run until 22 August. Successful applicants will be announced by the end of September.

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