Eligibility criteria
Is your business a not-for-profit organisation including not-for-profit social enterprises?
Your organisation must be currently active, and have a constitution, set of rules, or legal structure. Sole traders cannot apply.
It may be a registered charity, a Community Benefit Society (CBS), a Community Amateur Sports Club (CASC), or a Community Interest Company (CIC) OR another form of company, co-operative society, or unincorporated association, if it has the following clauses in its governing document:
- A clause which sets out social purpose or objects.
- A full restriction on distribution of profits, meaning that any surplus is reinvested into the project or for other social purposes.
- An asset lock or winding up clause which ensures that if the organisation is wound up, its remaining assets go to a charity, CIC, or other asset-locked body.
Are you ready to grow your trading?
Your social enterprise must have been established for more than 18 months and must have an income of at least £20,000 per year (in the last or current financial year) for our Trade Up programme or £150,000 a year for our Scale Up programme. This can be any income, not necessarily trading income. It might be trading, grants, donations, or other income.
You must have clear plans to grow trading income by at least the amount of the grant within twelve months of the start of the learning programme.
We expect most applicants will have some track record of trading (as opposed to generating income through grants and donations); however, we will consider each applicant on a case-by-case basis, and if you can demonstrate strong plans to hit the increased trading targets, we will consider awarding a place on the programme.
Is your social enterprise working within the sports and physical activity sector in London?
Your social enterprise must be currently actively working to increase young people’s access to physical activity or sport in London, or have clear and workable plans to expand into this area during the next 12 months. The majority of its activities and beneficiaries must be in London.
How will your increased trading benefit young people’s access to physical activity and sports in London?
Your trading may directly impact young people, for example, by providing more paid classes for sports or selling services to schools.
Your trading may be indirectly related to working with young people, e.g. developing rental income, events, merchandise, catering, etc. If this is the case, tell us how your profits will benefit young people’s access to sports and physical activity. We will require you to monitor this.
How will you ensure that young people who may be disadvantaged can access sports and physical activity?
Tell us about this and how you will ensure that you are also reaching young people who are disadvantaged.
Are you leading the growth in trading activity and committed to learning?
You must have strategic control over the trading growth in your organisation. You will usually be the CEO, a board member, or part of the senior team. You must be over 18 years old, resident, and with the right to work in the UK. You must agree to attend the full learning programme, as the peer networking and group dynamic is key to the programme’s success. There may be opportunities to involve other members of your team in study days addressing key topics relevant to them.
Do you have the right bank account?
Your social enterprise must have a UK bank account, or will have one before the grant is awarded, which must be either solely controlled by you or require the signatures of at least two people who are unrelated and do not live at the same address to release payments from the account.
Policies
- You must demonstrate a commitment to diversity and inclusion.
- You must have a current safeguarding policy in place.
- You must have appropriate health and safety policies and assessments in place.
- You must have appropriate insurance in place.