Supporting the social sector to Trade Back from Covid-19
What is Trade Back?
In response to the economic crisis, we’ve created Trade Back: a new type of grant that incentivises social impact organisations to trade, while supporting them to recover and rebuild.
Trade Back grants match ‘pound-for-pound’ any increase in income from trading above Covid period levels.
How Trade Back grants work
A Trade Back grant is made up of two elements: a small traditional grant to kick-start recovery efforts; plus an incentivised grant to accelerate growth by rewarding an increase in income from trading.
Trade Back grants provide social enterprises, trading charities and community businesses with support in a more challenging economic environment, while maintaining the ethos and challenge of an incentivised grant.
Through Trade Back, social impact organisations are supported to re-acquire customers, create quality jobs, all while making an impact on society as our economy recovers.
Trade Back and Match Trading
Trade Back draws on the learning from Match Trading® grants, which SSE launched in 2017 and have successfully supported 500+ social impact organisations to grow. Match Trading grant recipients increase their income from trading by 64% on average over a year – 2.5 times the rate compared to those receiving traditional grants. More on Match Trading impact click here
Trade Back was developed by the SSE and a Task Force of 20+ social sector funders and support organisations. This same Task Force successfully developed Match Trading.
How can I get a Trade Back grant?
Community businesses in England will benefit from a Trade Back grant up to £10,000 as part of the Community Business Trade Up programme, in partnership with Power to Change, jointly funded by The National Lottery Community Fund. It comes with a free 9 month learning programme and a support network of other community businesses in the region.
From October 2020, 100 social sector organisations will benefit from Trade Back grants up to £7,000 as part of our biggest UK programme: the Lloyds Bank and Bank of Scotland Social Entrepreneurs Programme, run by the School for Social Entrepreneurs, in partnership with The National Lottery Community Fund and the Scottish Government.
Register interest here for 2021/22 and we’ll contact you when applications open.
Funders interested in Trade Back?
The Trade Back grant is available immediately for funders to develop as part of social sector support programmes.
We’re working with the funding community to explore new collaborative opportunities to make Trade Back grants more widely available.
Please get in touch at [email protected]