SBW Growth Final Evaluation WWV – Final Report v5.0
Click thumbnail to download a PDF
The Social Business Growth Fund (SBGF) supports social businesses in Wales financially to enable them to grow and create job opportunities. Financial assistance of up to £150,000 is available in West Wales and the Valleys and £125,000 in East Wales. Match funding of 40% of the total cost is required in West Wales and the Valleys and 50% is required in East Wales.
SBGF is delivered via an innovative model whereby 40% of the funding awarded is in the form of a traditional grant and the remaining 60% as repayable financial assistance. The amount repayable can be reduced through over achievement of job creation targets. Any remaining amount of repayable financial assistance is repaid over a period of up to 5 years after the end of the 18 month project period at 0% interest.
Applications can be made online via e-tenderWales. There is a two stage application process, the eligibility questionnaire (EQ), and for those who pass the EQ a Financial Assistance Application.
The project will benefit all local authority areas of Wales.
Eligible organisation legal structures are:
Job creation as a result of the funded activity. Targets are set based on the level of funding awarded and equates to £20,000 of funding per job created and sustained.
Progress to end June 2017
Twelve projects approved with a number having started delivery. No outputs to report.