Bank of Scotland Corporate has launched the Social Entrepreneur Awards, worth a total of £6 million funding, to help develop UK not-for-profit organisations.
Two awards are available: £5 million interest-free funding for three years or a single cash donation of up to £500,000; or £1 million interest-free funding for three years or a single cash donation of up to £100,000.
John Taylor, head of specialist banking, Bank of Scotland Corporate, said, “There is no doubting the importance of not-for-profit organisations to our economy and I believe that they should be encouraged and nurtured as much as possible. However, social entrepreneurs are often overlooked and do not receive the recognition of their peers in more commercial businesses. Bank of Scotland Corporate has created the £6 million Social Entrepreneur Awards specifically to recognise those not-for-profit organisations who combine outstanding business acumen with a genuine passion for helping others.”
The awards are open to not-for-profit organisations whose primary purpose is to further social or environmental goals and those who operate for non-commercial purposes and social benefit.
Further information and entry forms are available from www.bossocialawards.co.uk. The closing date for entries is 23 February 2009, with winners announced on 25 June 2009.