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Holger Westphely

Senior Investment Manager

Charities Aid Foundation


 

Interested in applying?

The closing date for applications to the SE-Assist Fund is 31 May 2017.

Apply now

SE-ASSIST WALES ROUND II NOW OPEN FOR APPLICATIONS!

21 April 2017

We are very excited to announce that the Social Enterprise Assist Fund (SE-Assist), our social investment programme for social enterprises in Wales is now open for a second round of applications. We are offering interest free loans ranging from £10,000 to £30,000, business mentoring and expert advisory services to early stage social enterprises in Wales.  The programme was created in partnership with the Welsh Government, Wales Co-Operative Centre, Business in the Community Wales and the Institute of Directors Wales.


“We are thrilled to be re-opening SE-Assist for a second round of investment in Wales to help early stage social enterprises.  As one of the UK’s longest standing social investment funds, CAF Venturesome is excited to work with our partners to help make a huge difference to people in the communities where they operate and create significant social impact.  Successful applicants will combine community benefit with a sustainable business model that will impact the lives of local people for many years.”

Holly Piper, Head of CAF Venturesome

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Following a record number of applications in 2016 the SE-Assist scheme offered support to six social businesses across Wales including Elite Paper Solutions, working to help people who are disabled or at disadvantage to access, obtain and maintain employment; Book Of You, providing multimedia reminiscence services for people with dementia in Wales through a web app; and The Llanhilleth Miners Institute, a centre for community engagement tackling a variety of social deprivation issues.  This brought the total investment offered by the Fund to over £500,000 in interest free loans to 21 social enterprises.

Leading insurer and Welsh employer Legal & General, which has a 1,300 employee strong office in Cardiff, has provided the funding to help social enterprises get off the ground, thrive and drive regeneration in Wales. The SE-Assist fund sits alongside Legal & General’s recent £400m investment into Cardiff’s Central Square property redevelopment project, the largest investment of its kind ever made in Wales.

 



“We are delighted that the Legal & General SE-Assist Fund has been such a success and as a result we are now able to offer a second round of investment to support varied and local enterprises across Wales.  We are very excited to be involved in their development and help them progress.”

Graham Precey, Head of Corporate Social Responsibility, Legal & General


 

Interested in applying?

The closing date for applications to the SE-Assist Fund is 31 May 2017.

Apply now

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Charities Aid Foundation © 2017 | Registered Charity Number 268369
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