Published: 8th Jul 2020

The School for Social Entrepreneurs (SSE) has created a new grant scheme to help incentivise social organisations to trade while also supporting them to recover and rebuild.  The social enterprise sector contributes £60bn to the economy, employing 5% of the UK’s workforce, however, due to the pandemic it expects to see a 50% decrease in turnover for each month since lockdown began. Therefore SSE has launched the new Trade Back grant scheme to help social enterprises to continue trading. The grant is made up of two elements, a small traditional grant to kick-start recovery and an incentivised grant to accelerate growth by rewarding an increase in income from trading. From October 2020, 100 social-sector businesses are expected to benefit from grants worth up to £7,000. The programme involves Lloyds Bank and the Bank of Scotland Social Entrepreneurs Programme which is run by the School for Social Entrepreneurs and is jointly … (To read the full article, subscribe below)