Profit for Good
Boosting enterprise to diversify income in the social sector.
Profit for Good increases enterprise in the social sector by helping participants generate sustainable income and supporting leaders leaders of profit-for-good initiatives to be agile and confident.
Inspired by our founder’s energetic approach to enterprise, each year we support 10 organisations with business growth and development. Support includes:
- Grant and match funding
- Exploring alternative sources of finance
- Expanding their innovative idea
- Allowing space and time to evaluate innovative approaches
- Developing technical skills
- Peer learning and support
- Pitch and presentation practice
Enabling enterprise
Organisations are supported to build their enterprising project with:
- Access to a three-year grant. Up to £10,000 in the first year, and a mix of pure grant and matched trading in years two and three to incentivise earned income, with a maximum grant value of £22,500.
- A place on a three-month social enterprise accelerator programme delivered online by Social Enterprise Academy.
- A full funded place in an Action Learning Set, where leaders are provided with a space for peer-learning and solution-based discussions.
- Participants will get to showcase their enterprise projects at a Rank Foundation event attended by the Rank team, Trustees, and Network members.
Who can apply?
Applications are open to Rank Network members with plans to generate income through enterprise. They must have been operating a not-for-profit for at least three years
Enterprises that have already received funding from the Profit for Good Programme or Plymouth Rise Trade Up Programme are not eligible to apply.
