A scheme to encourage the launch of new companies that benefit and involve communities has seen annual funding double to £1 million for each of the next three years.
The Social Entrepreneurs Fund offers grants and business support to help people make their ‘social start-up’ aspirations a reality. Increased backing for the fund is just one of 92 commitments made in the 2017-2020 Social Enterprise Action Plan.
The plan follows publication of Scotland’s first-ever Social Enterprise Strategy, aimed at sustainably growing the sector over the next decade. Already, Scotland has more than 5,000 social enterprises – business that reinvest profits to address important issues like homelessness, unemployment or climate change – with 200 new enterprises starting up every year.
The Social Entrepreneur Fund is administered by Firstport, Scotland’s development agency for social start-ups.
If you are thinking about setting up a social enterprise in Fife, then give us a bell - we can offer you free advice and support.
