Big Potential Breaktrhough is designed for VCSE organisations with the aim of improving their sustainability, capacity and scale in order that they may deliver greater social impact.
Big Potential Breakthrough aims to raise awareness of the social investment market and support VCSEs that want to prepare themselves for social investment.
A grant from the fund will help VCSEs at the beginning of their social investment journey, to get specialist and tailored support to become investment ready. Investment ready is a term used to describe organisations that want to grow and expand and who develop their capacity to the extent that they will be successful in gaining external (repayable) investment.
This means understanding the requirements of banks and other financial institutions when looking for investment and includes knowledge about how to develop business plans to secure external finance and communication with investors.
Big Potential Breakthrough targets VCSEs that are both at an early stage of their investment readiness journey and those that are further along that journey, that are seeking to raise up to £500,000 in external investment. Grants are in two stages:
Over both grants, VCSEs will not usually receive more than £75,000. Grants will not cover costs relating to the ongoing delivery of work, only work relating to the organisation’s investment readiness.
Support covers aspects such as:
If you are interested in the fund please contact the Pulse Team on email@example.com or call Caroline Lewis for further information on 0151 475 7000.