Impetus-PEF picked as provider for Impact Readiness Fund

Written by Matt Ritchie

Impetus-PEF has been appointed as an approved provider for the Cabinet Office’s £1.5m Impact Readiness Fund.

The fund, announced in October, is managed by the Social Investment Business and aims to help social ventures attract investment and win contracts.

Grants between £15,000 and £150,000 will be available until late January 2015, to help organisations access expert support to build their infrastructure and skills and showcase their impact.

Impetus-PEF, a charity which works with non-profit young people’s organisations to improve their effectiveness, is among the approved providers that will work with ventures.

Ventures applying for grants are required to develop an impact readiness plan of work with a support provider, and submit an application for funding that works jointly with their provider.

Impetus-PEF chief executive Daniela Barone Soares said the charity has played a major part in putting the concept of impact and outcomes on the sector agenda.

“As an approved provider, we will be able to further help the charities in our portfolio to develop the skills and mechanisms to deliver outcomes reliably and sustainably,” Barone Soares said. “Organisations that can prove – via robust data – that their programmes and interventions really make a difference will attract more funding and therefore be able to help even more disadvantaged young people succeed in life.”

Related Articles

Most read stories...
World Markets (15 minute+ time delay)