Bangor Gymnastics Club, a finalist in the Social Business Wales awards 2016 Social businesses can help stimulate local economies, create jobs and attract private investment in areas with little economic activity, according to a new report published by the Wales Cooperative Centre. A study of eight social businesses across Wales that have experienced or are planning for growth, it offers insights into how social businesses can be stimulated and supported to play a vital role in local economies. One of the case studies in the report is Antur Nantlle, an example of a core business – running local affordable business units – which has also delivered capital projects to ensure that local services are retained. Its first purchase was a disused depot owned by the council which it turned into a business and incubation centre, where local businesses rent spaces at low rates. In 1997 it … (To read the full article, subscribe below)

Clare Goff
Clare Goff is editor of New Start magazine