Wales Co-operative Centre

Canolfan Cydweithredol Cymru

Co-op increases fund for Enterprise Hub

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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

For more information on support and advice for new and existing co-operatives, visit the Wales Co-operative Centre.

Written by C Kenzie

January 6, 2011 at 11:50 am

Posted in co-operatives

Tagged with , , , ,

One Response

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  1. […] This post was mentioned on Twitter by Angharad Dalton, Wales Co-operative. Wales Co-operative said: Co-op increases fund for Enterprise Hub: The Co-operative Group has announced a 50 per cent increase in funding … http://bit.ly/hs9djh […]


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