third sector capacity fund. xkcd purpose of the fund “the purpose of the third sector capacity...

Third Sector Capacity Fund

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Purpose of the Fund

“The purpose of the Third Sector Capacity Fund is to build capacity to enable third sector organisations1 to engage in sustainable economic regeneration and associated activities which support the aims of the North East’s Regional Economic Strategy”.

1. The third sector encompasses voluntary and community organisations, charities, social enterprises, cooperatives and mutuals.

• Developing the Third Sector…– Innovative models– Collaborative models– Mergers– Trading (or other non-grant income)– Support provision– Responding to the recession

• …for the Regional Economic Strategy– Financial inclusion– Equality of opportunity (eg work or excluded communities)– Responding to the recession

Outcome 1 of 4

• Build the capacity of the third sector to engage and contribute strategically to sustainable economic development

Outcome 2 of 4

Grow and demonstrate the contribution that the third sector makes to sustainable economic development;

Outcome 3 of 4

• Develop or expand activities that lead to greater financial and/or organisational sustainability within third sector organisations

Outcome 4 of 4

• Support the third sector to contribute to the region’s response to the recession

Delivering in an innovative important way (as an example)

Delivering to grow other TSOs’ capacity

Delivering to grow own TSO’s capacity

Management of the Fund

• Strategic Direction – mostly ONE

• Promotion and application process – Rocket Science

• First stage of assessment process – Rocket Science

• Final award process – Grants panel

• Monitoring process – Rocket Science

• Bank transactions – BIC

• Added value aspects (eg website/forum, case studies,

learning and sharing events) – Rocket Science

Pre application

• Marketing– Funding Central– networks of networks– (e)mail-shots

• Support for applicants – how to and who should apply– workshops– telephone / email

Appraisal and Approval Process

• Expression of Interest

• Appraisal by managing agent (Scoring

Framework / Bid Assessment Tool)

• Invitation to full application

• Appraisal by managing agent (Bid Assessment

Tool)

• Present information to grants panel

Lessons - Applications

Lessons – Grants panel

Lessons – During funding

Who was funded? What can we take forward?

• Five Lamps• West Middlesboro’ NT• Angelou Centre• Street League• BECON• The Cyrenians• PNE • Acumen• Keyfund• Groundwork (x2)• Moneywise CU• Children England• ACEVO• VONNE• Cultureworks• Business to Business • Pulse Regen• SkillShare• Community Ventures• Entrust• NE Enterprise Bond (SkillsBridge)

Delivering innovatively, delivering the RES

Delivering to grow other TSOs’ capacity

Delivering to grow own TSO’s capacity

1.What was done?2. What was different about it? / What support was offered?

3. Example of innovation / success? Lessons?

Things that you might like to know more about:• Bid assessment tools

– Why, what, how?• Grants panels

– Why, who, what?• Monitoring process

– How, what id we learn?• Regional nature of the Fund• ONE• Specific projects

– Support projects (eg Groundwork, VONNE, Children England, Acumen, Entrust)

– Delivery projects (eg Cyrenians, BECON, Angelou)• What happens when funder closes?