Social investment intermediaries that support Black and ethnically minoritised-led social enterprises in England are now able to apply for investment from a £5.5m funding pot from the wholesaler, as it opens the ‘Wave 1 Portal’ with a place-based approach.
OPINION: Racial equity is missing from the UK government’s Pride in Place strategy, says Asher Craig of the Pathway Fund. This overlooks what is possible when the potential of BEM communities is unlocked.
£440m of dormant assets is allocated in new government strategy, including £87.5m for social investment and a commitment to follow sector recommendations – but the amount remains ‘modest’ in the face of current challenges.
