ARCHIVE PAGE - THIS INFORMATION IS NOT CURRENT
East Midlands ChangeUp investment can only be made to support proposals:
- Which operate in England and will directly benefit communities in the East Midlands;
- Which will provide infrastructure/second tier support and development services to frontline organisations, their workers and trustees (i.e. schemes for the provision of direct services to members of the public are not eligible);
- Which have one named lead applicant and fund
holder (this does not prevent delivery being collaborative or by a
consortium of bodies) which is either a charity, voluntary or community
organisations or social enterprise (defined below) and
therefore must:
- Be clearly constituted for public or community benefit
- Not be able to dispose of their assets for private gain
- Have some non-executive (unpaid) members on their board/management committee (i.e. unpaid for their role on the committee, but could still be employees)
- Lead applicants should also have been in existence for at least two years and have at least one full year’s set of accounts or, in the case of start-up, are able to demonstrate that key personnel involved have significant prior experience.
Definition - social enterprises are businesses with primarily social objectives whose surpluses are principally reinvested for that purpose in the business or in the community rather than being driven by the need to maximise profit for shareholders and owners.
