Funds available for social firms

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Budding community entrepreneurs have got a £2 million boost to turn their ideas in to commercial reality, following the launch of Social Incubator North in Sheffield.

The initiative is targeting new business ideas that will have a positive social or environmental impact, such as offering employment or training to vulnerable members of the community or delivering a service with ‘Green’ credentials.

More than 200 entrepreneurs are expected to apply for funding and support and as many as 60 new, investment–ready businesses could be set up as a result.

Each will receive an investment of up to £25,000, 80 hours of one-to-one support, peer learning and networking and access to premises.

Social Incubator North is co-funded by the Government and is being led by the Sheffield-based Key Fund in collaboration with four regional Social Enterprise Partnerships and Locality, the leading nationwide network for community-led organisations.

To find out more or apply for backing visit: www.socialincubatornorth.org.uk