Social Enterprise Grants
Social Enterprise Grants.
Cavan County Council was awarded funding of €22,061.95 under the Social Enterprise Capital Grants Scheme in 2021 by the Department of Rural and Community Development under the National Social Enterprise Policy for Ireland under the Dormant Accounts Fund.
Funding will be aimed at supporting social enterprises with small capital projects.
A Social Enterprise is an enterprise whose objective is to achieve a social, societal or environmental impact, rather than maximising profit for its owners or shareholders. It pursues its objectives by trading on an ongoing basis through the provision of goods and/or services, and by reinvesting surpluses into achieving social objectives. It is governed in a fully accountable and transparent manner and is independent of the public sector. If dissolved, it should transfer its assets to another organisation with a similar mission.
The funding covers capital projects only and should demonstrate added value. Capital costs incurred by social enterprises for the purchase of equipment are eligible. Repairs and refurbishment of existing facilities can also be funded.
The closing date for applications was 15th October 2021 and the works have to be completed by 30th June 2022.