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Start–up funding and longer term investment:

Extra money for social enterprise to deliver services

A cash boost of £27 million for social enterprises to deliver health and social care services has been announced by Government. The increase in funds will raise the amount of money available through the Department of Health’s [DoH] Social Enterprise Investment Fund to £100 million.

The fund supports the development of services, such as women’s refuges, migraine clinics and exercise programmes for the elderly.

The extra money will provide start–up funding and longer term investment for new and established enterprises in health and social care, which address the needs of a wide range of patient and service users, but especially the most vulnerable and excluded in society.

Social enterprises are businesses which reinvest their profits back into the organisation or into the local community. They aim to promote independence, wellbeing and social inclusion, and thereby improve people’s quality of life.

This approach delivers innovative and personalised services according to Care Services Minister Ivan Lewis, who says, “This additional investment is testimony to our confidence in social enterprise as part of the solution to commissioning world class health and social care services.”

For further information visit the DoH website at: www.dh.gov.uk.

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