About a fifth of Scotland’s social enterprises are so far using the UK’s furlough scheme, according to initial research, while lack of cash reserves among those applying for emergency grants suggests a financially fragile sector.
UK social entrepreneurs grapple with new government measures – while Social Enterprise UK calls for more targeted assistance, including grants to help save the most vulnerable start-ups.
PLUS: Croatia’s first social impact fund, $100m financing partnership for emerging market ventures, new ‘repayable grants’ for Scottish environmental businesses, Canada’s MaRS Catalyst Fund rebrands and expands, and more.
Scotland is world-renowned for its thriving social enterprise scene, and it’s looking set to retain its top spot. Chris Martin, who joined Social Enterprise Scotland as CEO last December, tells us what to expect.
