People thinking of starting their own businesses and giving something back to the community at the same time are encouraged to find out more about advice and funding opportunities from Daventry District Council (DDC).
Social Saturday takes place across the UK this weekend (October 10) to raise awareness of social enterprises – businesses that trade but make a profit for a social or environmental purpose. There are 70,000 social enterprises in the UK, employing two million people and contributing £20 billion to the economy.
Social enterprises, like charities and voluntary sector groups, are also eligible to apply for capital and revenue grants from DDC as well as advice on various national funding schemes available.
Start-ups and small social enterprises struggling to access finance may also qualify for a business loan or mentoring through the Fredericks Foundation, which has started working in partnership with the Council to help people unable to obtain the necessary support through conventional channels such as banks.
The council has also recently revised its procurement procedures, to take into consideration whether a tenderer is a social enterprise.
Councillor David James, DDC’s economic, regeneration and employment portfolio holder, said: “Businesses that are social enterprises are all about putting a social purpose at the heart of everything they do and reinvesting their profits to achieve these aims.
“This strikes a real chord with our council and we are keen to support social enterprises alongside charities and voluntary groups to help them thrive in our District.”
Organisations can find out more at www.daventrydc.gov.uk/communitygrants