Government launches £10m fund to back social investment market
The Cabinet Office has launched a £10m fund aimed at growing the social investment market.
The Social Incubator Fund will give grants to up to 10 intermediary organisations to invest in start-up social enterprises.
Intermediaries will be able to apply for between £50,000 and £250,000 a year towards their operating costs for up to four years and further grants of between £100,000 and £750,000 a year for their investment books, to be allocated over 12 to 24 months.
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