Santander has today launched the 2014 Social Enterprise Development Awards (SEDA) – the £2 million national community investment programme that helps support social enterprises1 working for the direct benefit of their community.
From today, the awards are open to social enterprises and charities across the UK which are working to provide training or employment opportunities, tackle social exclusion or environmental impacts, and have been trading for at least a year. This year's awards have been split into two categories to make sure a variety of enterprises are supported.
• Enterprising Charities category offers prizes of £2,000, £5,000 and £10,000 to support charities and community groups looking to increase their trading
• Social Ventures category offers a prize of £5,000 to social enterprises and Community Interest Companies looking to grow their business
SEDA offers social enterprises across the UK the opportunity to access funding and hands-on support to help them grow and increase their social impact for the benefit of their local community.
Steve Pateman, Head of UK Banking at Santander, said:
"The Santander Social Enterprise Development Awards were set up to provide support to social ventures looking to grow and to recognise the valuable role they play in supporting communities. Our aim is to help people and businesses prosper, and we hope to award even more enterprises this year, helping these dynamic businesses increase their social impact."
Alongside the prize money, winning social enterprises receive a business support package from Santander which includes business webinar presentations, internships, consultancy days and the opportunity to network with other social entrepreneurs and small business owners.
Santander has a comprehensive programme of support for social entrepreneurs and social ventures aimed at helping the social enterprise sector to grow. In addition to SEDA, the bank is providing funding to UnLtd for Spark which enables social entrepreneurs to share their knowledge and experience of setting up a venture and SE UK's SE Places scheme which is promoting areas of the UK where social businesses are thriving.
For further information, guidelines and to enter please visit www.santanderseda.co.uk
Entries will be reviewed through April and May with judging taking place in July and August. The winners will be announced in September.