Cork City Council supports social enterprises who wish to apply for €400,000 fund to address Ireland’s greatest social challenges.
Ann Doherty , Chief Executive of Cork City Council , said: " We're excited to be working with Rethink Ireland in their effort to support social enterprises around the country. The Social Enterprise Development Fund, which will continue to complement the on-going support available to social enterprises from local authorities across the country, will surely help deliver real and meaningful change to each of the organisations involved and Ireland's social enterprise sector as a whole."
The Social Enterprise Development is a €3.2 Million Fund running from 2018-2022. €400,000 in cash grants will be made available as well as additional business supports.
The objective of the fund is to find and back the best social enterprises in Ireland by making cash grants and strategic business support available to Awardees. Social enterprises are businesses that work primarily to improve the lives of people. Their core objective is to achieve a social, societal, or environmental impact. Like other businesses, Social enterprises pursue their objectives by trading in goods and services on an ongoing basis. However, surpluses generated by social enterprises are re-invested into achieving their core social objectives.The Social Enterprise Development Fund was created by Rethink Ireland in 2018 in partnership with Local Authorities Ireland and funded by IPB Insurance and the Department of Rural and Community Development through the Dormant Accounts Fund.
The 2021 Fund will be open for applications from 21st January until the 5th of March 2021. Further details are available on https://rethinkireland.ie/