If you’re looking for small grants for CIC for your community organisation, you’ll want to read this roundup of the latest CIC grants in the uk. In this article, we’ll be covering six different grants that are available to organisations in England.
We’ll discuss the name of the grant, what it funds, eligibility criteria and deadlines (if applicable), and how much money you can apply for.
Plus, we’ll give you some tips on how to apply for a grant! So, whether you’re looking for funding to start up a new project or expand an existing one, read on for all the information you need.
General CIC Grant Funding Requirements
The Charity Commission for Northern Ireland (CIC) is a non-departmental public body that regulates Community Interest Companies, which are governed by the Department of Trade and Industry in the United Kingdom.
Community Interest Companies (CIC )are a kind of company created for social enterprises who wish to use their profits and assets for the common good.
CIC grant funding programs require CIC membership. Grants for CICs are available for both start-ups and existing organisations.
Here at KG accountants we have a CIC membership program to help businesses for social good get the most possible grant funding.
KG Accountants Monthly CIC Grant Funding Roundups
We provide monthly updates on CIC grant funding because terms and conditions can change very quickly and without much warning. For example, the William Wates Memorial Trust (WWMT) has recently updated its website to include a new grant for organisations that have been trading for less than two years.
Another good example of the changing CIC grand funding stipulations is the recent closure of the NatWest Community Force program. This grant was available to charities and social enterprises who were looking to start or grow a project that would benefit their community. However, it has now closed and will not be accepting any more applications.
1. William Wates Memorial Trust
The fund was established in memory of William Wates, who died in a car accident in 2007. Since then they have awarded over £11 million in grants to community organisations.
What Do They Fund?
The William Wates Memorial Trust funds projects that help young people in the United Kingdom who are facing disadvantages, including those who are homeless, unemployed, or in care.
Criteria and Eligibility
The Trust’s grants are available to registered charities and CICs with a turnover of less than £500,000 per year.
Deadlines
The Trust does not have any set deadlines, but it recommends applying at least six weeks in advance of when you need the money.
How Much Can You Apply For?
Grants range from £500 to £15,000.
How to Apply for William Wates Memorial Trust Grant
To apply for a grant from the William Wates Memorial Trust, you’ll need to fill out an online application form on their website.
Website: wwmt.rideleloop.org
2. National Lottery Awards for All England
The fund was established in 1994 and is funded by the National Lottery. Since then they have awarded over £650 million in grants to community organisations.
What Do They Fund?
The National Lottery Awards for All England funds projects that benefit the community and are run by local organisations.
Criteria and Eligibility
To be eligible for an award from the National Lottery, your organisation must be a registered charity or community group. The project you’re applying for must also benefit the local community.
Deadlines
Awards are made on a rolling basis, so there is no set deadline. However, it’s recommended that you apply at least six weeks before you need the money.
How Much Can You Apply For?
Awards range from £300 to £10,000.
How to Apply for National Lottery Awards for All England Grant
To apply for a grant from the National Lottery Awards for All England, you’ll need to fill out an online application form on their website.
Website: tnlcommunityfund.org.uk/funding/programmes/national-lottery-awards-for-all-england
3. Sanctuary’s Community Investment Fund
The fund was set up in 2001 and is funded by Sanctuary Housing. Since they were founded they have awarded over £100 million in grants to community organisations.
What Do They Fund?
Sanctuary’s Community Investment Fund funds projects that benefit the community and are run by local organisations.
Criteria and Eligibility
To be eligible for a grant from Sanctuary, your organisation must be a registered charity or CIC with an annual income of less than £500,000.
Deadlines
There are no set deadlines, but Sanctuary recommends applying at least six weeks before you need the money.
How Much Can You Apply For?
Grants range from £250 to £50,000.
How to Apply for Sanctuary’s Community Investment Fund Grant
To apply for a grant from Sanctuary’s Community Investment Fund, you’ll need to fill out an online application form on their website.
Website: https://www.sanctuary-housing.co.uk/community-investment-fund
4. Woodward Charitable Trust – Summer Play Scheme
The fund was set up in memory of Dr. Woodward, who died in a car accident in 2001.
What Do They Fund?
The Woodward Charitable Trust funds projects that provide opportunities for children and young people to play and learn outside of school hours.
Criteria and Eligibility
To be eligible for a grant from the Woodward Charitable Trust, your organisation must be a registered charity or CIC.
Deadlines
There are no set deadlines, but the Trust recommends applying at least six weeks before you need the money.
How Much Can You Apply For?
They award 60-70 grants of £250 – £1,000 specifically for summer play schemes.
How to Apply for Woodward Charitable Trust – Summer Play Scheme Grant
To apply for a grant from the Woodward Charitable Trust, you’ll need to fill out an online application form on their website.
Website: woodwardcharitabletrust.org.uk/
5. Cornerstone (Large) Grants
Here are all the details for the Cornerstone (Large) Grants, which are larger grants that can range from £10,000 to £50,000. Since they were founded in 2005, they have awarded over £11 million in grants.
What Do They Fund?
Cornerstone Grants from The National Churches Trust fund projects that have a lasting impact on the community and are run by local organisations.
Criteria and Eligibility
To be eligible for a Cornerstone Grant, your organisation must be a registered charity or CIC. The project you’re applying for must also benefit the local community.
Deadlines
Next Deadline: 7th March 2022 (Midnight)
Decision Date: July 2022
How Much Can You Apply For?
Grants range from £10,000 to £50,000.
How to Apply for a Cornerstone Grant
To apply for a Cornerstone (Large) Grant, you’ll need to fill out an online application form on their website.
Website: nationalchurchestrust.org/cornerstonegrants
6. The Waterloo Foundation
The Waterloo Foundation funds projects that promote social and economic justice. Since they were founded in 1997, they have awarded over £115 million in grants.
What Do They Fund?
The Waterloo Foundation funds projects that have a positive impact on the local community.
Criteria and Eligibility
To be eligible for a grant from the Waterloo Foundation, your organisation must be a registered charity or CIC with an annual income of less than £500,000.
Deadlines
There are no set deadlines, but the Foundation recommends applying at least six weeks before you need the money.
How Much Can You Apply For?
Grants range from £250 to £5000.
How to Apply for a Grant from The Waterloo Foundation
To apply for a grant from the Waterloo Foundation, you’ll need to fill out an online application form on their website.
Website: waterloofoundation.org.uk
Important Notes
As we explained, CIC grant funding programs require CIC membership. Grants for CIC can be accessed through membership and are for the promotion of social enterprise. The William Wates Memorial Trust, National Lottery Awards for All England, Sanctuary’s Community Investment Fund, Woodward Charitable Trust – Summer Play Scheme, Cornerstone (Large) Grants, and The Waterloo Foundation are among the most popular grant-givers in this category.
The grants vary in amount, purpose, and eligibility requirements. However, most grants require an application to be filled out in addition to other criteria. Applications are typically found on the grant giver’s website or through a third-party search engine.
Don’t miss deadlines! And if you’re ever unsure about anything related to CIC grants, don’t hesitate to ask. The grant funding process can be confusing, but it doesn’t have to be. We’re here to help!
Call us on 0207 953 8913 if you want additional information or if you want to ask a question.
That Wraps Up Our February (2022) Roundup
That’s it for the February roundup of the latest CIC grant funding advice! Be sure to check back soon for more updates.
We can assist in your applications for all of these grants and more.
It’s better to apply for these grants through KG accountants than independently because we can manage the entire application process. It’s also important to note that subscribers to our CIC Fund Membership will get some additional exclusive grants that are specifically tailored to their industry and local to their area.
This results in our CIC program members being much better funded than businesses for social good that don’t join our program.
How we can help
If you need help getting CIC funds, give us a call Call us today on 0207 953 8913 or complete our enquiry form in order to book a FREE initial CIC consultation.
To join our CIC membership program here at KG accountants get in touch today.
Categories: charity grants, cic grants, community funding grants, Grant Funding uk
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