Lloyds Banking £14m social enterprise investment
Investment to reach 1,300 social entrepreneurs and create 4,000 jobs
From today social enterprise will receive a £14m investment as the Lloyds Banking Group Social Entrepreneurs Programme launches its second year.
1,300 social entrepreneurs will be funded through the programme, with the aim to reach 120,000 beneficiaries in UK communities and create over 4,000 jobs.
Successful applicants will receive comprehensive learning at their nearest School for Social Entrepreneurs1 and a financial contribution starting at £4,000 upwards to £25,000 to fund their organisation. To further increase the success of their enterprise, the students will also receive a senior business mentor from Lloyds Banking Group during their time on the course.
Nick Hurd MP, Minister for Civil Society
Scheduled to give the closing remarks at the launch of the second cohort of the Lloyds Banking Group Social Entrepreneurs Programme, Nick Hurd, Minister for Civil Society will applaud the programme as a powerful and effective tool for supporting social entrepreneurs to access the support, people and resources they need to turn their brilliant ideas into successful ventures that change lives. He will highlight that the UK is blessed with many social entrepreneurs with the ideas, passion and talent to create sustainable ventures that change lives for the better.
The Minister will emphasise the importance of the innovation that social entrepreneurs bring to tackling some of our toughest social and environmental problems, to bringing communities together and to creating opportunities for everyone. He also will thank Lloyds Banking Group, Big Lottery Fund and the School for Social Entrepreneurs for their commitment to creating real opportunities for hundreds of aspiring social entrepreneurs to turn their innovative ideas into real on-the-ground change.
Graham Lindsay, Group Director, Responsible Business at Lloyds Banking Group says: "Helping our communities thrive is one of the key ways we will help Britain prosper. The support being delivered to social enterprises throughout the nation’s communities by Lloyds Banking Group is not simply about the financial boost provided and the jobs created but, as importantly, is about the way in which we will connect the successful students with our team of experienced mentors who have a wealth of business experience which we hope will help the students to build truly sustainable social enterprises."
Alastair Wilson, Chief Executive Officer at the School for Social Entrepreneurs says: "For the last 15 years the SSE has nurtured some of the most credible and confident social entrepreneurs in the UK. This year we aim to do the same with our intake of students by empowering real people in real places with the appropriate tools to thrive in today’s challenging climate, via our unique action learning programme"
Participants on the programme have so far have included:
Ervell Bailey – R.I.S.E Self-development Programme (Restore, Impact, Self- Educate)
RISE is a culturally-specific, holistic approach to self-awareness & development, delivered in UK-based prisons. RISE transforms the individual lives of some of the most marginalised, vulnerable and high risk members of our communities. It not only reduces offending and re-offending, the project significantly improves life choices and reintegrates people back into society.
Michelle Fabikun – Prime Time Family Restoration Service
Michelle’s enterprise aims to restore family relationships within families in deprived areas across London, through mediation. Traditional mediation does not have restoration at its heart, PTF does, lending a unique factor to Michelle’s’ enterprise. The project will assist families to reach agreement about children and/or finances issues, provide parenting classes with targeted information aimed at enabling absent fathers to be allowed to play a role in the lives of their children.
Tom Ravenscroft – Enabling Enterprise
Tom’s mission for Enabling Enterprise is to ensure students develop the broader skills, experiences aspirations and the qualifications that they need to be successful. Now in its fourth year, Enabling Enterprise is working with over 17,000 students across London, Manchester and Birmingham. Tom is currently the Managing Director for Enabling Enterprise, and alongside his main project he also sits as a Trustee on the Board of Teach First.
Tom’s work has been recognised with the Teach First Excellence Award, he was also the 2009 UK Entrepreneurship Teacher of the Year. In 2010, Tom won a ‘Future 100′ award as one of the top 10 up-and-coming social entrepreneurs in the UK. In 2012, Enabling Enterprise was identified as the third fastest growing social enterprise in the SE100 index.
More information about the Lloyds Banking Group Social Entrepreneurs Programme can be found at www.the-see.org.uk/lloydsbankinggroup