The Social Enterprise Development is a €3.2 Million Fund running from 2018-2022. €400,000 in cash grants will be made available as well as additional business supports €400,000 in funding is being made available to social enterprises to help lead the post-Covid economic and social recovery through Rethink Ireland’s Social Enterprise Development Fund 2021 which was officially launched on 21st January 2021.
The objective of the fund is to find and back the best social enterprises in Ireland by making cash grants and strategic business support available to Awardees. 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.
The Social Enterprise Development Fund was created by Rethink Ireland in 2018 in partnership with Local Authorities Ireland and funded by IPB Insurance and the Department of Rural and Community Development through the Dormant Accounts Fund. Since the Fund’s foundation in 2018, the Fund has supported 40 social enterprises with cash grants and business supports and a further 38 through their Genesis & Accelerator Programmes. It has enabled social enterprises to support 681 people to access employment, (the majority of whom are from minority groups) and mobilise 2430 volunteers.
Details on how to apply are available on https://rethinkireland.ie/current_fund/social-enterprise-development-fun... The 2021 Fund will be open for applications until the 5th of March 2021.