Support for Growing the Social Economy
Project Brief
Download a copy of the Support for Growing the Social Economy project brief (PDF) [297KB]
UKSPF Intervention
E26 - Support for growing the local social economy, including community businesses, cooperatives, and social enterprises.
Objectives
As part of its commitment to Community Wealth Building, Preston City Council is supporting the development of a more democratic local economy through:
- Promotion of cooperative development, education and training
- Conversion of businesses to worker and/or employee-owned ventures
- Promotion of investment in community owned enterprises via the mechanism of community share offers
- Prioritising cooperative activity to address economic inclusion and promote social justice.
Preston City Council are looking for organisations that can provide relevant support and advice to businesses, individuals and organisations who are interested in developing co-operative solutions for the business challenges they face.
Financial Profile for grant funding
| Capital | Revenue | Total Expenditure | |
|---|---|---|---|
| Year 1 (2023-24) | £0 | £30,000 | £30,000 |
| Year 2 (2024-25) | £0 | £20,000 | £20,000 |
| Total | £50,000 | ||
Outputs - Numbers to be submitted by applicant on application form
- Number of enterprises receiving non-financial support
- Number of people attending training sessions
Outcomes - Numbers to be submitted by applicant on application form
- Number of new enterprises created as a result of support
- Increased amount of investment
Project Timeline
- Date of launch for commissioning - Friday 26 May 2023
- Deadline for receipt of applications - Friday 30 June 2023 - 17:00
- Notification of whether applications have been successful - Mid July 2023 (provisional)
- Issuing of grant agreements, commencement of projects - End July 2023 (provisional)
- Project end - 31 March 2025
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