Funding news

Spotlight

Bromley Council for Voluntary Youth Services (BCVYS)
HMRC and Gift Aid – Tax relief for charities
New £12m grant and loan fund for social enterprises opens
Dispossessed Funding – closes September

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Bromley Council for Voluntary Youth Services (BCVYS)

Bromley Council for Voluntary Youth Services (BCVYS) was formed to bring together and share the strengths of the many voluntary youth organisations in the London Borough of Bromley.
BCVYS administers a grant scheme on behalf of the borough to distribute funding to voluntary youth organisations operating in Bromley.
Three categories of grant are available:-

Voluntary Organisation Grant - to help towards funding equipment for youth groups.
Individual/Training Grant - to fund training for leaders or to assist with the cost of overseas educational visits for young people.
Community Safety Grant - to fund projects that work towards preventing young people becoming involved in anti-social behaviour.

The application form, cut-off dates and details of the eligibility criteria for each of the grants available can be found at:
www.bromley.gov.uk

HMRC and Gift Aid – Tax relief for charities

Gift Aid is an easy way to help your charity or CASC maximise the value of its donations, as you can reclaim tax from HM Revenue & Customs (HMRC) on its 'gross' equivalent - its value before tax was deducted at the basic rate. This is 20 per cent from 6 April 2008. You can work out the amount of tax you can reclaim by dividing the amount donated by four. This means that for every £1 donated, you can claim an extra 25 pence.

In addition, HMRC will automatically pay your charity or CASC a further three pence for every pound donated. This 'transitional relief' - to adjust to the fall in basic rate tax (from 22 per cent to 20 per cent) - is available on Gift Aid donations made from 6 April 2008 until 5 April 2011. This means that for every £1 donated, your charity or CASC can receive 28 pence, so the total value of the donation is £1.28.

Full information is on website: http://www.hmrc.gov.uk/charities/gift_aid/basics.htm

New £12m grant and loan fund for social enterprises opens

A new £12m Capital Growth Fund offering grants and loans to social enterprises providing health and social care services in England has opened for applications.
The £12m in capital will be made available via the Social Enterprise Investment Fund (SEIF) to invest in organisations that want funding to support the growth of their enterprises.

The Social Investment Business which, with Local Partnerships, manages the SEIF on behalf of the Department of Health, is offering grants worth between £50,000 and £150,000, with further funding available in the form of loans.

The money is available to buy or refurbish buildings, purchase large pieces of equipment and vehicles or to cover professional fees that relate to capital projects like the cost of architects or surveyors.

The Capital Growth Fund will be open to applications from social enterprises that have existed for 12 months or more, which provide health or social care services to people in England, and which are unable to source commercial funding for their growth plans.
The deadline for applications is noon on Friday 16 September and organisations must be able to spend any investment by the end of this financial year. For more information go to: www.thesocialinvestmentbusiness.org/seif or call 0191 2692 276.

Dispossessed Funding – closes September

A new round of The Evening Standard’s Dispossessed fund is now open.
The fund themes remain the same as previous rounds, so your organisation must prove you are working to lift people out of poverty and disadvantage in one of the following areas:

Training and educating people who have dropped out of mainstream education
Getting people into work such as through apprenticeship or mentor schemes
Fighting gangs, knife and gun crime
Improving mental and physical health and well-being, such as through sports clubs and helping carers
Addressing other manifestations of poverty such as homelessness, pensioner poverty or the working poor. You should also be able to demonstrate community involvement in your project and work.

Your organisation must not have an annual income of over £250,000 p.a. and you must be able to demonstrate strong community involvement within your work. For full details on criteria, eligibility and how to apply please go to the Dispossessed website: http://dispossessedfund.communityfoundations.org.uk/
All applications to the fund must be received by 5pm on 23rd September 2011.