Eligible uses for IRP funding
Eligible uses of the IRP non-repayable capital are one-time or time-bound expenses to strengthen organization to access social finance. The intention is to help organizations pay expert service providers to help you advance towards or become investment-ready. Expert service providers are organizations that provide resources, training, mentoring, and other learning opportunities to social-purpose organizations to move towards investment readiness.
Examples of what would be considered eligible expenses include: consulting and coaching support to conduct a feasibility study or market study, services to strengthen a business plan or financial model, accounting expertise to institutionalize standard financial practices, legal services to be compliant with regulations, fundraising services to support with investor relations during your capital raise, etc.
Examples of non-eligible expenses: basic programming costs, basic operating costs such as staff and office costs.
See the FAQ and useful Resources page for details on eligible and non-eligible expenses for each funding stream.