Co-op increases fund for Enterprise Hub
The Co-operative Group has announced a 50 per cent increase in funding to its Enterprise Hub from £5m to £7.5m.
The Manchester-based giant says its support will support a new social enterprise every day this year.
It has set a target of helping more than 350 enterprises throughout 2011.
The Enterprise Hub operates through a central website with a network of regional development specialists providing advice, training and guidance to new ventures.
It has been rolled out throughout England and Wales after a successful piloted in the north west.
Co-op chief executive Peter Marks said: “With flaws exposed in traditional business models, more and more people are recognising there is an alternative which enables them to take a lead and have a say in the running of businesses and services important to their lives.
“The co-operative model offers an alternative way to do business and provides a robust approach to enterprise that can help restore a lost sense of community cohesion and contribute to the re-building of a more balanced and sustainable UK economy.”
Source: Manchester Evening News