Updated: 29/01/18 : 06:48:53
new €1.6m fund to support social enterprises in Ireland has been
established by Social Innovation Ireland (SIFI), in partnership with
Sligo County Council and all 31 Local Authorities across Ireland.
The Fund is financed by the Department of Rural and Community
Development, from the Dormant Accounts Fund and IPB Insurance.
the Social Enterprise Development Fund, the fund will be delivered over
the course of two years and up to eight successful applicants per year
will each receive
a grant of €50,000 to invest in growing their organisation. In addition
to the cash grant, the successful applicants will also receive a place
on Social Innovation Fund Ireland’s six-month Accelerator programme.
Additional places will be reserved for the most
promising social enterprises across all 31 Local Authorities in
Ireland. The programme is designed to help social enterprises develop
their business skills and to provide them with ongoing peer support and
advice so that they develop sustainable enterprises
that have a powerful impact in their community. The fund is now open
for applications from social enterprises in County Sligo.
Launching the Social Enterprise Development Fund,
Minister of State for Community Development, Natural Resources and Digital Development, Seán Kyne, T.D.
said, ‘’The Government is committed to supporting social enterprise in
Ireland. Social enterprises create jobs while also encouraging and
positive changes in communities across the country. Every euro that is
donated in private philanthropy is matched by the Department of Rural
and Community Development through the Dormant Accounts Fund. With this
approach, we are helping to scale social innovation.
I’m delighted to launch the Social Enterprise Development Fund from
Social Innovation Fund Ireland (SIFI) and thank IPB Insurance for their
vision in supporting its establishment.”
support from the Department of Rural and Community Development for the
Social Enterprise Development Fund forms part of Minister Kyne’s focus
on supporting the
social enterprise sector. The Minister is also preparing a National
Policy on Social Enterprise which he will bring to Government for
approval shortly. Minister Kyne has recently taken responsibility for
the Community Services Fund which also assists social
Deirdre Mortell, CEO, Social Innovation Fund Ireland
said: “Over the past two years Social Innovation Fund
Ireland granted €2.475 million in supports to social innovations in
education, homelessness, health and positive aging. This is our sixth
fund and builds on our past successes in supporting enterprises that are
tackling social disadvantage and exclusion.
The Social Enterprise Development Fund will allow successful applicants
to grow sustainable enterprises that are rooted in local communities
and create solutions for a better Ireland. We are delighted to partner
with the local authorities and their mutual
insurance company, IPB, in launching this fund.”
enterprises tend to be set in the heart of rural and urban communities.
Typically, they provide local services, such as tourism services or
and so jobs are created in local communities, providing an important
economic impact. In addition to job creation, social enterprises create
significant social impact through service provision in sectors such as
childcare, eldercare, home help, recycling,
and others. They play a particularly important role in areas of market
failure for social services such as in rural areas.
George Jones, Chairman of IPB Insurance
said: “We are delighted to support SIFI and our local authority Members
in working to develop a pipeline of social
enterprises nationwide. There are fantastic social ventures across the
country and it is important that they receive the necessary
encouragement and supports in making a real and lasting social impact.
The national reach and local knowledge provided by county
and city councils and SIFI will greatly assist in the successful
delivery of the Fund’s financial and professional supports and promote
social entrepreneurship throughout the country.”
Ciaran Hayes, Chief Executive of Sligo County Council, said:
new fund will complement the range of supports available from local
authorities for social enterprises that have a sustainable business
model. The Social Enterprise Development Fund presents a great
for social enterprises in the county to achieve their goals and
ultimately create a measurable social impact that can be scaled all over
Evoy, founder of Men’s Sheds has been appointed the Manager of the
Social Enterprise Development Fund by Social Innovation Fund Ireland.
The fund will be open
for applications from January 24th to March 28th, 2018 and the winners will be informed in June 2018. Further details are available on www.socialinnovation.ie