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3 Types of Funding Available for Social Entrepreneurs

It is a great initiative to start a social enterprise. This business model will make profits, while at the same time contribute positively to the society. It will not rely on third party funds like a non-profit organization but try to fuel their business by themselves.

However, to set up the business initially, you need some funding. Here are some options for you.

Arts Council

3 Types of Funding Available for Social Entrepreneurs post it - 3 Types of Funding Available for Social Entrepreneurs

They provide grants for your social enterprise if it uses art to help the local communities. You can use this fund for setting up your social enterprise. The good thing is that you don’t need to pay the money back.

However, your mission must be in line with theirs and the business must use art as a tool to bring about social change.

UnLtd

3 Types of Funding Available for Social Entrepreneurs contract signing - 3 Types of Funding Available for Social Entrepreneurs

This organization provides small grants to social enterprises that are starting up or looking to scale up. They have been brining positive changes to peoples’ lives since 2020. So, far they have helped more than 16,000 social enterprises to set up their business.

Social Investment Business

3 Types of Funding Available for Social Entrepreneurs team meeting - 3 Types of Funding Available for Social Entrepreneurs

This fund is available as a grant or loan. You can also apply for a blend of grant or loan. This fund is only for social enterprises in England.

Unless you have enough funding, you cannot start a social enterprise. You need office space, employees, and different resources to set up a social enterprise.

It may take some years to start earning and so till then you need to manage funds to run your business. So, you can apply for grants or loans to these organizations and make your dream of making society a better place a reality.