Deadline: 11 September 2024
Scottish EDGE, in partnership with the People’s Postcode Lottery (Postcode Innovation Trust), is pleased to identify organisations who clearly demonstrate how their business enriches communities and makes a contribution to society, tackling social and environmental problems in Scotland, nationally or abroad, whilst being built on the back of strong business foundations which outline a sustainable business growth plan.
Whilst a core part of the EDGE competition aims to identify future high growth potential businesses, there is also a recognition that delivering social good has a real positive impact on communities both in Scotland and across the globe.
Funding Information
- Companies who meet the Social Enterprise EDGE criteria, can win an award of up to £75,000, which is split 70:30 Grant/Loan. Businesses cannot apply for a Social Enterprise EDGE Grant only.
Eligibility Criteria
- Your business plan should clearly demonstrate how your business enriches communities and makes a contribution to society, tackling social and environmental problems in Scotland, nationally or abroad.
- Your Social Enterprise must (a) have a social mission embedded in your articles and (b) have a legal clause in the articles that prevents the assets of the company being used for private gain and (c) have a requirement in your constitution that profits must be reinvested in the business or community.
- Only asset locked Social Enterprises will be considered for this category.
Assessment Criteria
- Whilst the competition standard and level of expectation can often increase as you progress through the stages of the Scottish EDGE competition, the assessment criteria remains consistent across the 1st Stage assessments, the Semi-Final and the Final.
- The assessment criteria across all rounds scores against the following key requirements:
- Value Proposition
- Team
- Impact
- Customer Focus
- Business Growth
- Utilisation of Funding
For more information, visit Scottish EDGE.
