Government lauds social enterprise for its ‘vital role’ in national coronavirus effort, announcing £30m for flexible finance in both crisis and recovery phases via Access Foundation.
There's never been a better time for social investors to rewrite their rulebooks. Niamh Goggin, Helen Heap and Richard Litchfield suggest three ways they could start.
UK high street banks have been called upon to support emergency loan fund for social ventures, while social investors promise three-week turnaround and regular reviews to adapt and improve the fund where needed.
UK social entrepreneurs grapple with new government measures – while Social Enterprise UK calls for more targeted assistance, including grants to help save the most vulnerable start-ups.
Government support announced yesterday did not address social enterprises specifically – but the message for the sector is positive, says Social Enterprise UK.
"It is now harder than ever for lower income working family households to access affordable credit." A new social enterprise has been launched in the UK to provide fairer loans for emergency purchases.
Worcestershire-based charity NewStarts has received loans from Charity Bank and Big Issue Invest in order to secure its future providing support to those in financial crisis.
In Ixtapa, Mexico Ron and Marlys Boehm tell Pioneers Post's Tim West about discovering social business, the inspiration they have found and the challenges they have helped social entrepreneurs to face as founders of Boma Investments.
