Charities, third sector organisations, social enterprises, and co-operatives across the West of England are set to benefit from enhanced support to help them overcome increasing demand amid the cost-of-living crisis, the West of England Mayoral Combined Authority has announced.
Social Economy West will help the sector in the region to grow, as well as providing tailored support to organisations to help them become more financially and environmentally sustainable, support the move towards Net Zero, manage risk more effectively, and broaden their links with the wider economy and business community.
A partnership of experienced third sector organisations, led by Business West (Voscur, 3SG, CVS South Gloucestershire, School for Social Entrepreneurs and BBRC), will work collaboratively to deliver five key support activities, including 1-2-1 coaching support, demand-led themed workshops, expert mentoring from social entrepreneurs and peer networks. BBRC will also be working to establish further repayable investment funds for the region.
Dan Norris, Metro Mayor of the West of England, said: “I’m delighted to be launching this new package of support. In this cost-of-living crisis, people in the West of England need the help of charities, social enterprises, and co-ops more than ever. But higher demand is putting the sector under a lot of pressure.
“What I hear consistently from these organisations is that they’re too reliant on grants and short-term pots of money. Social Economy West will help get them on a more sustainable footing and find longer-term ways of raising the cash they need. This will help keep them doing their incredible work for many years to come.”
Phil Smith, Managing Director at Business West, commented, “We’re thrilled to be working alongside the West of England Mayoral Combined Authority and other partners to deliver this programme. Social enterprises are a crucial part of the wider business ecosystem and drive forward the ambition to make this region the best place to live, work and do business.”
To be eligible for support, organisations must be located in the West of England Mayoral Combined Authority region and have a core social mission. This could include organisations such as social and community enterprises, charities, voluntary and community sector organisations, housing associations, co-operatives and mutuals, informal self-help initiatives, social finance and support providers and alternative business models. The programme will run until 2026.
If you are interested in receiving support through this programme, please email socialeconomy@businesswest.co.uk, with your name, organisation name, location and contact details.
The programme is funded by the West of England Mayoral Combined Authority, via the UK Government through UK Shared Prosperity Fund.
The West of England Mayoral Combined Authority (West of England Mayoral Combined Authority) is leading a targeted social economy support programme, delivered in partnership with a consortia of third sector organisations led by Business West. Please visit https://www.westofengland-ca.gov.uk/ for more information.
The West of England Growth Hub is West of England Mayoral Combined Authority’s support hub for organisations in the region, offering advice, support and information.
The UK Shared Prosperity Fund is a central pillar of the UK government’s Levelling Up agenda and provides £2.6 billion of funding for local investment by March 2025. The Fund aims to improve pride in place and increase life chances across the UK investing in communities and place, supporting local business, and people and skills. For more information, visit this webpage.
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