The Fresh Ideas Fund

The Fresh Ideas Fund is a grant programme developed and funded by Northern Rock Foundation to enable voluntary, community and social enterprises in the North East of England to explore opportunities to develop new earned income streams in order to improve long term sustainability. It may also help them increase their impact and grow in size.

As part of their legacy, Northern Rock Foundation awarded £3m to the Northstar Foundation to continue the Fresh Ideas Fund until the end of 2017. The Community Foundation Tyne & Wear and Northumberland is managing the Fresh Ideas Fund on behalf of The Northstar Foundation.

What will the Fresh Ideas Fund support?

The Fresh Ideas Fund is looking for ideas that will help organisations explore new ways of generating income and, by doing so, achieve greater sustainability.

They may have plans to develop new social enterprises, support more beneficiaries to increase revenue, spread their work into their neighbouring town, or work with completely new clients.  Or they might want to take on a new asset or build a partnership with a like-minded charity in order to explore opportunities to generate additional income.  With the Fresh Ideas Fund’s support they will be able to take these ideas to the next stage.

How big are the grants?

The fund will provide organisations with grants of up to £50,000 to establish whether their ideas are feasible, to pay for expert advice and to cover start-up costs.  The aim is to help them to produce the evidence they need to secure the support and investment to make their ideas happen.

Successful applicants will receive expert help and guidance from Northstar Ventures to ensure their proposals are tested thoroughly.

Who can apply

The Fresh Ideas Fund is open to:

working in the areas of:

Whilst there are no restrictions on the size or turnover of an applicant organisation it is expected that they will have the capacity to deliver the proposed projects. Please see the case studies as a guide.

The fund is not open to applications for core grant funding that does not have a transformational impact on the organisation, mainstream educational activity; hospitals; places of worship and organisations seeking funds for the promotion of religion; natural environment and conservation; animal welfare; national or non-north east based organisations which do not have a regional office or other representation in the North East; co-operatives, unincorporated organisations, or groups; individuals or partnerships.

Previous recipients of Fresh Ideas Fund grants may apply for new activity but if demand is high priority may be given to those organisations who have not received funding before.

For the avoidance of doubt North East shall include Northumberland, County Durham, Tyne and Wear and the Tees Valley area (to include Hartlepool, Middlesbrough, Redcar and Cleveland, Darlington and Stockton on Tees unitary authority areas).

Applications

The second and final round of Fresh Ideas in 2016 is now open. There will be further rounds in 2017.

Applying to the Fresh Ideas Fund is a three stage process that takes around 5 months in total. The process and timescale for the current round in 2016 is below as a guide.

Stage One:  Until 9am Friday 5th August

All applicants will need to complete a short application form here provide a budget and a set of accounts. The form can be submitted by post to Fresh Ideas Fund or by e-mail to general@communityfoundation.org.uk

Applicants will receive feedback on whether their application has made it to the next stage by 12 September 2016. If you have applied and not heard by then please get in touch

 

Stage Two: 12 September – 21 October 2016

Shortlisted applicants will be asked to develop their ideas in greater detail by completing a longer project plan. Support from Northstar Ventures will be available at this stage but should be booked as soon as possible after notification.

Applicants will be told if they have made it to the final round 11 November. If you have  not heard by then please get in touch

Stage Three: W/C 21 November 2016

From these project plans, those ideas thought to have the most potential to succeed will be asked to present to a panel during this week (exact dates TBC) It is recommended that all applicants keep this week clear when they first apply.

Successful groups will be informed by the end of November 2016.

 

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