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.
£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.
