Business Impact Challenge

The Business Impact Challenge will provide match funding for a private sector company towards a large investment proposal that can generate strong corporate and social value in the UK.

Some key features of the Challenge include:

  • Brainstorming collaborations – a number of roundtable discussions where corporates who have an interest in a particular area can brainstorm new solutions with sector experts and explore opportunities for cross sector partnerships.
  • Bootcamp  - Shortlisted applicants will take part in a ‘bootcamp’ where they will receive advice on how to navigate  internal barriers and secure support from key decision makers within their organisation, as well as practical feedback on their applications to accelerate their ideas towards viable business models.
  • Feedback from Expert Business Panel – The Panel, chaired by Lord Davies, remains as a key feature this year. Applicants will have the opportunity to present their idea to the Panel, receiving valuable feedback to take on board as part of the due diligence process.
  • Matched funding – matched investment into as many viable business ideas/ partnerships that emerge.

The winning submission will receive an investment from BSC, which must be matched by the entrant. Previous investments have been up to £15 million. Each company submitting an application must commit to a minimum of £1 million in investment, which will be matched by Big Society Capital.