On the 16th October 2009 Third Sector Online reported that The Social Investment Business (formerly Futurebuilders) and the Department of Health have unveiled eight investment programmes aimed at social enterprises working in the health and social care sector.
The funds — offering a range of grants or loans of up to £10m — are available under the DH’s Social Enterprise Investment Fund, now managed by The Social Investment Business.
The funds are generally aimed at helping social enterprises develop innovative services in health and social care and have been designed to cater for different types of social enterprises.
The SEIF Outreach Fund offers grants of up to £30,000 for organisations that are developing new products and services for those who are socially or geographically excluded.
The SEIF Growth Fund offers investment packages from £50,000 to £10m to existing organisations for working capital, buildings, staff or any other outlays incurred by social enterprises in their efforts to grow.