Aims/priorities: The funding is for enterprise projects that are able to solve a problem experienced within Black and Global Majority communities in England as a result of the Cost of Living Crisis, while bringing in trading income for the organisation.
The funding is for projects with achievable outcomes within a 9-month timeframe that:
- Address Real Issues: Target challenges like poverty alleviation and racial equity, driving meaningful change for Black and Global Majority communities.
- Have Growth Potential: Use this funding to scale existing, income-generating projects that support sustainable financial growth.
Showcase Community Impact: Demonstrate a solid track record of community impact and engagement.
Who can apply? To be eligible, applicants must:
- Be a Black-Led or Global Majority-Led organisation.
- Be a legally incorporated non-profit (not limited by shares).
- Have a clearly stated mission to support issues impacting Black and Global Majority Communities (indicated in their organisation’s governing/constitutional documents).
- Reinvest 100% of surpluses into pursuing their social mission and have a constitutional or contractual lock on their social mission, dividend, and surplus distribution policy (also known as an asset lock).
- Be based in and operating in England. (Priority will be given to organisations active in IMDs 1-3.)
- Have at least one DiNN Member. (The form to become a member of the Do it Now Now community can be found on the DiNN website.)
- Be able to provide at least the last two year accounts submitted to Companies House/Charity Commission and both of these years accounts must show income generated between £150,000 and £500,000.
- Be able to produce management accounts that include a Profit and Loss statement and Balance Sheet.
- Have at least three Directors or Trustees.
- Have 75% of the organisation’s Directors, Trustees or equivalent Governing Body members representing Black and Global Majority Communities.
- Have 51% of leadership/senior management representing Black and Global Majority Communities.
Grant amount: Eight grants of £25,000 are available.
DiNN has a unique, pay-it-forward grant model to encourage sustainable growth:
- £25,000 in Funding: Grant recipients gain access to funding and ongoing support.
- Outcome-Based Repayment: Up to £8,500 of the grant is repayable only if applicants successfully secure social investment.
No Risk: If social investment is not achieved, no repayment is required. However, if successful, a percentage of the investment will support future grantees in their journey.
Application process: The application process is as follows:
- Applicants must first submit an expression of interest by the deadline of 14 January 2025 (17:00).
- Shortlisted applicants will then undergo an organisational health check and due diligence.
- Groups will then receive support and training to create a full grant proposal.
Once proposals are approved, organisations will begin the contracting onboarding process. This includes receiving their contract for £22,000 grant and prepping them to engage in the £3,000 compensated capacity building support. The onboarding phase ensures that they have all the resources and guidance needed to implement their project and achieve sustainable growth.
Guidance notes and an online expression of interest form are available from the DiNN website.
Application Support sessions and 1-2-1 support calls are available throughout the duration of the application process.
To book a 1-2-1 support call with a member of the DiNN team, email funding@doitnownow.com
Deadline: Tuesday 14 January 2025, (17:00)
Contact information: Email: funding@doitnownow.com