The Big Lottery Fund has announced a £6m grant programme to support organisations that are developing social investment proposals in the UK.
The initiative called Next Steps: Supporting Social Investment in England will award between £40,000 and £1m to social investment proposals that are already in development but need extra funding.
Areas eligible for funding include running a pilot, legal and technical costs, and collecting data to prove the viability of a concept.
The funding will be available to service providers, commissioners and intermediary organisations.
Nat Sloane, chair of the Big Lottery Fund’s England committee, said it was an exciting time for social investment and that the lottery wanted to provide support in this area.
"This will help us to build some significant learning about social investment and how in practice it could be used for the benefit of communities and those most in need," he said.
Expressions of interest should be submitted to the BLF by 14 December.