The Social Business Growth Fund, managed by Wales Council for Voluntary Action (WCVA), and supported by the European Regional Development Fund and Welsh Government, is an innovative finance scheme which support social businesses in Wales that are looking to grow, expand and create jobs.
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Ruth Marks, Chief Executive at WCVA said: ‘I am delighted that WCVA is the only Welsh finalist amongst six organisations across the UK to be recognised for their contributions to social investment. I’d like to congratulate the other finalists Allia, Fair Chance Fund Initiative, Family Action, Homeless Link and Southville Community Development Association and wish them all the best of luck for the upcoming awards ceremony.’
Alun Jones, Head of Social Investment Cymru said: ‘We’re really proud to be recognised in this way. From the response we’ve had from social businesses in Wales, we knew that Social Business Growth Fund was proving very popular.
‘Even after a relatively short period since launching, we’re already seeing some fantastic new activity in the sector and jobs being created that make a real difference in communities. It’s very pleasing to know that others appreciate all the thought and planning that went into the design of this scheme and we look forward to the event in October.
‘Good luck to all the very worthy nominees in our category as well as Angela Hughes of Welsh Air Ambulance Charitable Trust also flying the flag for Wales nominated for Charity Principal of the Year’