Allerdale Social Impact Investment Fund (SIIF) grants
Funding is provided by Sellafield Ltd to the Council to deliver a range of social outcomes linked to its Socio-Economic Strategy.
The Council prioritised jobs and growth in the Council Plan 2015-19, and supports activity that demonstrates the ability to protect existing jobs or create new ones. For details of the projects the scheme has supported recently, download the SIIF annual report below:
SIIF annual report
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Apply for a SIIF grant
This programme will support the delivery of the Allerdale Business Growth Plan through:
- Business Support - supporting local entrepreneurial initiatives and providing funding to enable businesses to grow or start up. This is primarily a grant scheme, but a low cost loan will also be considered if the venture is more risky. Loan repayments and interest will be recycled back into the SIIF. Pre-start up businesses will be signposted to the Business Growth Hub for suitable advice and guidance via qualified business advisers. We do not intend the SIIF to be 100% funding for businesses – the applicant must have sufficient faith in their venture to fund some themselves, either their own cash or via a loan or additional grant.
- Quality of Place - to boost the vitality and liveability of Allerdale by ensuring that there is a diverse 'destination' offer. Funding will be available for community events via charities, not-for-profit organisations and local community groups etc. as distinct from the commercial business support. As such, there is the consideration for up to 100% funding in exceptional circumstances and in-kind match.
The SIIF is designed to be a one-off pump-priming resource to enable activity to commence through making up the shortfall, and is therefore a lender of last resort.
Guidance notes can be downloaded below, which will help you decide if your activity is eligible for grant funding and assist in completing your application. You will also be required to submit a state aid assessment form, which can be downloaded below.
If a grant is awarded the recipient will agree to be monitored on achievement of outputs and expenditure in accordance with the terms within the offer letter.
Recipients' details will be published in accordance with the requirement from Department for Communities and Local Government (DCLG) for all local councils and fire and rescue authorities in England to publish spending information over £500 online.
Contact us for more information on the SIIF grant scheme.
Apply for a grant
To apply for a SIIF grant, download the application form below and email it to firstname.lastname@example.org. Please use the guidance notes above for assistance in completing the form and include as much detail as possible.