Social Enterprises
(asked on 24th February 2015) - View Source
Question to the Cabinet Office:
To ask the Minister for the Cabinet Office, pursuant to the Answer of 23 October 2014 to Question 211134, how much funding has gone to each of the social enterprise incubators named; and how the social enterprise incubators based in London but with national focus realised their national mission.
Cabinet Office has supported 10 incubators through its £10m Social Incubator Fund. The incubators cover all areas of England, with six of the incubators located outside of London.
Incubator |
Funding amount |
Social Incubator North Wayra UnLtd Big Issue Invest CSV Health Social Innovators Bethnal Green Ventures | £1,065,000 £1,219,006 £1,000,000 £600,000 £900,000 |
Social Incubator East | £902,268 |
SEEDbed | £876,950 |
Dotforge | £1,115,500 |
Young Academy | £1,560,905 |
Solve
| 1,489,500 |
London based incubators attract social entrepreneurs from across the country through holding promotional events in a variety of locations, and use social media extensively to attract applications from outside London. Each incubator aims to support social ventures that have the capacity to operate at scale. The markets into which they are aiming to provide services or sell their product are national by definition.