Contact Us
Voluntary Sector North West
St. Thomas Centre
Manchester
M12 6FZ
Tel: 0161 276 9300
Fax: 0161 276 9301
Email: info@vsnw.org.uk
Social Enterprise Loan Fund
26 January 2010
A loan fund has been set up to help more social enterprises in the region, thanks to a grant of £500,000 from the Northwest Development Agency (NWDA) and the European Regional Development Fund (ERDF).
The Social Enterprise Loan Fund (TSELF) is a Community Development Finance Institution (CDFI) and a registered charity aiming to support social enterprises engaged in social regeneration projects with the provision of loan finance. TSELF has, to date, invested £8million in social enterprises across the UK, helping clients to generate job opportunities as well as training places.
With the newly awarded funding from the NWDA (£250,000) and ERDF (£250,000), TSELF will provide Small Loans for Social Enterprise awards of up to £50,000.
Roy White, North West Regional Director at TSELF, said: “We have a vibrant social enterprise sector in the North West which we are committed to helping to grow. The grant from the NWDA and the ERDF is a great boost, and we are now looking forward to working with more social enterprises, and charities s across the region that are unable to secure sufficient funding from mainstream sources.”
The Social Enterprise Movement as a whole is now made up of tens of thousands of organisations and accounts for more than one per cent of the UK’s total economy.
For more details about TSELF in the North West visit www.tself.org.uk or call 01829 261019
Featured Event
The Health White Paper Consultation
CONSULTATION FULLY BOOKED
The White Paper on Health has the potential to create one of the biggest changes to the structure and function of the NHS since its creation in 1948. Within the White Paper there are 5 consultations which are all open until early October. Although the ‘what’ in the White Paper has largely been decided, the ‘how’ is very much still being shaped.
Featured News
Influencing the Spending Review - update
Latest updates for the departmental structural reform plans available
Future North West consultation now open
A document outlining the agreed strategic priorities of the North West based on the Regional Strategy consultation work over the last two years is now open for consultation until 8 October 2010.
VSNW's response to Lottery Shares Consultation
The Department for Culture, Media and Sport have proposed a potential £750m reduction in Big Lottery Funding to VCS groups over the next five years
Events & Trainings
VSNW’s list of events & training opportunities for VCS groups in the North West
The Department for Culture, Media and Sport have proposed a potential £750m reduction in Big Lottery Funding to VCS groups over the next five years
