The fund, created by the regional development agency One North East, is a four year project having the target to help organisations to develop innovative ways of assisting people into work, deliver regeneration and boost the third sector’s sustainability and contribution to economic growth.
The successful bidders of the first round of funding were:
– Keyfund Federation (£125,000)
– Acumen Trust (£149,909)
– Project North East (£148,700).
Keyfund, based in Newcastle, has been awarded for its project “Keyfund Social Licensing” having the target to enable 1000 disadvantaged young people to make an increased contribution to the economic development of the region by helping them to fulfill their potential and live sustainable and independent lives.
The Acumen Development Trust has received the award for “Contracts Matter”. This project aims to provide effective leadership in the third sector acting as a support hub developing third sector organisations and encouraging them to work together to win employability and skills contracts from which they may otherwise be excluded.
PNE, based in Newcastle, will implement its “Places for Everyone programme” with the aim to support Third Sector organisations to deliver successful capital development projects by increasing their awareness of the process, minimising mistakes and building their confidence.
The second round for funding is currently underway while the third round will open later this in 2009. The Third Sector Capacity Fund is managed by Rocket Science, an independent organisation with experience of working with the sector and with grant funding.