Will the Minister provide a breakdown of the recently announced £1.7 million of funding to provide specialist business advice to support the social enterprise sector?
The £1.7m will be used to support the ‘Transforming Wales through Social Enterprise’ vision and action plan and to promote the social enterprise model as the business model of choice for entrepreneurs delivering solutions to social, economic and environmental challenges and for Wales. The funding will focus on providing funding to continue with the Social Business Wales service that support social entrepreneurs and social enterprises and as a minimum will:
- Provide bespoke business support offer to the social enterprise sector in Wales supplementing the broader Business Wales.
- Work with organisations across Wales to support the development of new social enterprises models of delivery.
- Promote the sector in Wales.
Officials are currently working with the sector on the detail of the offer to be delivered from April 2023, to ensure that it aligns to the Welsh Government priorities and the support needs of the sector in Wales.