- Power Up London is delivered by Big Issue Invest with funding by the UK Shared Prosperity Fund
- Applications are being welcomed from new and early-stage social enterprises in London
Today (Wednesday 7th February), Big Issue Invest (BII), the investment arm of the Big Issue Group (BIG), has opened up for applications to the second round of an investment programme, aimed at up to 20 new and early-stage social enterprises in London.
Power Up Londonis an accelerator programme for London-based, diverse-led, early-stage socially impactful organisations addressing social and/or environmental issues and providing services to underrepresented communities.
The programme is delivered by BII with funding by the UK Shared Prosperity Fund (UKSPF), a central pillar of the UK government’s Levelling Up agenda to invest in communities and support local businesses.
Successful applicants will receive a fully funded package of non-financial support valued at £10,000 that includes a mix of mentoring, business support, training workshops and networking opportunities delivered weekly over four months.
Participants will also benefit from introductions to other founders in the cohort, mentors, and investors.
On successful completion of the programme, participants will have the opportunity to apply to a grant of up to £22,000 for their social enterprise, to be used for launching new products or services, expanding to new markets, or creating new jobs in their local communities.