SOCIAL enterprises and community organisations in Northumberland and Tyne and Wear have the chance to win up to £50,000 as part of the Santander Social Enterprise Development Awards.
The scheme aims to provide a boost to growing enterprises.
Social enterprises have the chance to win £50,000, £30,000 or £15,000 in order to fund one of three community benefits: Improving social inclusion, supporting disadvantaged people or creating a greener environment.
Organisations wishing to enter the competition can download the entry form from www.santanderseda.co.uk, which also provides details on how the award could be best used to benefit the effect of organisations on the community. The deadline for application is the end of September and the winners will be announced in October.
Craig Iley, Santander Corporate Banking Regional Director said, “At Santander we are committed to investing in and supporting communities in the North East. The Social Enterprise Development Awards will help social enterprises looking to expand to realise their goals,and at the same time support economic development in the region.”
Along with the prize money, winning social enterprises will receive access to support from Santander, which will include: Mentoring programmes, funding for internships and university business courses and training.
Valuable input will also be provided by the Community Foundation Network, which will help the winning organisations assess the social impact of heir business and the prize fund on local communities.