Big Potential Advanced: Year 1 Evaluation
The evaluation of the first year of the Big Potential Advanced programme shows that there is demand for the fund and while the first year only saw a limited number of applications this accelerated towards the end of the year one and has continued in year two.
The big question that remains unanswered though is how successful the fund has been in helping charities and social enterprises raise investment or win contracts. Unfortunately, it is too early for us to have an answer to this question.
Investment readiness projects take time and implementing improvements, raising investments or winning contracts can be long processes so the benefits are not immediately seen. Therefore, we are still waiting to see how successful the VCSEs who have been awarded grants have been in achieving their investment or contract goals.
The evaluation makes a number recommendations for improvements to the management of the fund around VCSE engagement, provider/investor networking and eligibility.
Our response to the recommendations are published alongside the evaluation.