Ethos Public Relations Manchester

Social enterprise network benefits from unique loan fund

by Ethos public relations

Liverpool city centre based Social Enterprise North West Ltd (SENW), which represents social enterprises across the region, is to benefit from a unique loan fund.

The organisation on Dale Street in the centre of Liverpool, which was set up in 2007, has received a loan of £50,000 from The Social Enterprise Loan Fund (TSELF) - a Community Development Finance Institution (CDFI) and registered charity which aims to support social enterprises engaged in social regeneration projects with the provision of loan finance.

SENW works to help raise the profile of social enterprises in the North West, by providing connected, coherent support and networking opportunities for social enterprises across the region. And now, thanks to the recently awarded loan from TSELF, the organisation will be able to honour contracts with the North West Regional Development Agency (NWDA) and the European Regional Development Fund (ERDF) and continue its work.

Val Jones, Chief Executive of SENW, said: “It is fantastic to see the social enterprise sector in this region going from strength to strength and the loan from TSELF will enable us to support this development even further.”

Roy White, North West Regional Director, at TSELF said: “There is a vibrant social enterprise sector in the North West which we are committed to helping to grow and I am delighted that we are able to help SENW in this way.

“Our organisation provides an important function for social enterprises across the region and this additional funding will help SENW continue its excellent work.

“TSELF provides loans ranging from £3,000 to £250,000 to social enterprises and charities that have been unable to access a loan from traditional sources. “We are here to help, so we would encourage any social enterprises looking for loans, to contact us.”

TSELF North West has received valued funding support from the NWDA.

TSELF has, to date, invested £8million in social enterprises across the UK, helping clients to generate job opportunities as well as training places.

To find out more about TSELF in the North West visit www.tself.org.uk or call 01829 261 019.

For more information about Social Enterprise North West Ltd call 0151 237 3986 or visit www.senw.org.uk.

To read other news from The Social Enterprise Loan Fund click here.

Posted at 7^th July 2011