Growing the Social Economy in the WMCA area
WMCA has been working with the social business sector to develop a four-point plan to help build the social economy back stronger than before. This will ensure that the pledge WMCA made to the Social Economy Taskforce regarding sector growth is delivered in a way that responds to current challenges.
- Working with new and existing funders to improve uptake of investment to support growth of social enterprises and community businesses.
- Business support and advice through an accelerator programme to encourage rapid growth of social enterprises, from start-up companies through to more established organisations.
- Establishing social economy clusters across the region – clustering of sector-specific businesses has been proven to help build economic growth and resilience.
- Directing WMCA investment plans towards supporting schemes that can help increase growth among social economy businesses.