SE-Assist funding announced for six Welsh social enterprises
Melanie May | 15 November 2016 | News
The Social Enterprise Assist Fund (SE-Assist), a social investment initiative funded by Legal & General and managed by CAF Venturesome, has announced its support for six social enterprises in Wales.
The fund, which offers interest free loans ranging from £10,000 to £30,000, business mentoring and expert advisory services to its successful applicants, was created in partnership with the Welsh Government, Wales Co-Operative Centre, Business in the Community Wales and the Institute of Directors Wales.
This latest round of funding means SE-Assist has now lent over £500,000 in interest free loans to 21 social enterprises since its launch, with 25% already repaid.
The new funding goes to:
- Antur Stiniog, which promotes local tourism through a downhill mountain bike and tourist information centre based in Blaenau Ffestiniog.
- Book Of You, which trains nursing home carers in Denbigshire on how to use a web app to deliver multimedia reminiscence therapy.
- Canolfan Beaumaris: a leisure centre in Anglesey.
- Elite Supported Employment Agency, which provides training and employment to disabled people through a document storage, scanning and recycling business in Merthyr Tydfil.
- The Llanhilleth Miners Institute near Abertillery: a listed building and a centre for community engagement.
- The Wales Restorative Approaches Partnership, based in Cardiff, which promotes the use of restorative approaches in dealing with human conflict.
Graham Precey, head of corporate social responsibility, Legal & General said:
“We are delighted that the Legal & General SE-Assist fund has been such a success and as a result is now able to offer support to a number of local and varied enterprises across Wales. We are very excited to be involved in their development and help them progress.”
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SE-Assist awards grants to social enterprises in Croydon and Sussex as well as Wales. Information on how and when to apply can be found on the fund website.
About Melanie May
Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via thepurplepim.com.