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Your Network of Opportunity

Social Business Wales

The world is a worrying place at the moment. People are facing a time of unprecedented uncertainty. As well as thinking about the health of their families and colleagues, they are also considering how best to support their local communities and user groups (many of whom are vulnerable), and think about how their social enterprise might fare if income dries up or staff become ill.

This is a time when social enterprises can really step up and come into their own. We’ve recently seen the amazing way that social enterprises have supported local communities affected by flooding, and now we’re seeing organisations offer help and support during the pandemic in all sorts of ways. 

Social Business Wales and its team of expert advisors are on hand to provide help with enquiries about cash flow, HR, digital platforms, marketing and communications and a range of other areas which might need re-thinking in light of the current situation. We can provide advice via telephone or through video conferencing – just phone us on 0300 111 5050 or email sbwenquiries@wales.coop if you need our support. Events are moving very fast, and we are working as a team to develop specific tools that will be accessible in the coming days and weeks on this webpage.

Social Entrepreneurs - UnLtd Advice & Support

In view of the current global situation regarding COVID-19 (Coronavirus) UnLtd offer guidance to support to you, your business, staff, and those around you who may be vulnerable. UnLtd wants to provide as much support as possible whilst doing everything we can to protect everyone’s health. Therefore, in the immediate future, our offices will close, and we will continue to support you through one to one telephone calls, emails and online communications. We will also remain accessible to you via our website and social media channels (Facebook, Twitter, LinkedIn).

Additionally, we have prepared an information document, which will be updated regularly with advice for social entrepreneurs as we monitor the situation and government guidelines - click on link for further information

Third Sector Resilience Fund for Wales 

The fund is part of the £24m of support announced by Welsh Government and will involve a blend of 75% grant and 25% initially interest free loan to be available to incorporated voluntary sector organisations towards the costs of ongoing revenue expenditure, including salaries. Organisations can apply for up to £75,000.

This fund is designed to support those voluntary sector organisations that need financial support to survive the current crisis primarily because of an unprecedented fall in their fundraising and donation income. We realise that many organisations will have a mix of fundraising/donation income and trading income. If your financial situation is predominately because of a loss in trading income, your first port of call should be the grant support made available by Welsh Government rather than this funding.

There may also be certain sector specific funds available to you e.g. Arts Council of Wales, Sport Wales, etc. However, if there is a reason why you can’t access this support as a voluntary sector organisation then we may still be able to support you.

Regardless of the reason for the fall in your income, on top of this the fund offers a bridging loan option of up to £25,000 to tide voluntary organisations over while waiting for furlough reimbursements from the Government.

PRINCIPLES OF THE FUND
This is a Wales-wide support fund for those affected by COVID19 and specifically tailored for the voluntary sector, to complement the various other schemes already announced here and UK-wide
*it is designed to ensure that voluntary sector organisations stay in business – *it is an aid to survival.  
*it is not intended to duplicate provision offered elsewhere and applicants will be required to confirm that there is no ‘double funding’ taking place
*it is not about replacing lost income – it is about providing sufficient funds to cover essential expenditure not covered by any residual income or by other supportive interventions. ‘The funding of last resort’

For further information, click on the link opposite.

 













Blaenau Gwent; home of the Ebbw Vale Enterprise Zone