In response to the COVID-19 crisis, the School for Social Entrepreneurs (SSE) has created Trade Back: a new type of grant that incentivises social organisations to trade, while supporting them to recover and rebuild following the coronavirus.
Trade Back grants match ‘pound-for-pound’ an increase in income from trading above Covid period levels. The Trade Back grant is made up of two elements:
1. A small traditional grant to kick-start recovery efforts, and
2. An incentivised grant to accelerate growth by rewarding an increase in income from trading.
From October 2020, 100 social-sector businesses will receive Trade Back grants of up to £7,000 as part of SSE’s biggest UK programme: the Lloyds Bank and Bank of Scotland Social Entrepreneurs Programme, run by the School for Social Entrepreneurs, jointly funded by The National Lottery Community Fund and the Scottish Government.
Trade Back draws on the learning from Match Trading® grants, which SSE launched in 2017. Match Trading has supported 500+ social impact organisations to grow, with support from The National Lottery Community Fund, the Scottish Government, Lloyds Banking Group, Power to Change, Access – The Foundation for Social Investment, Esmeé Fairbairn Foundation, The Rank Foundation and Guy’s and St Thomas’ Charity.
Further information, including a video showing how the Trade Back programme works , is available on the Match Trading website.