Welcome to the latest newsletter from Inspire2Enterprise, providing you with the latest news, funding news and useful links for the social enterprise sector.
Firstly I’d like to welcome you all to 2017 and hope for a prosperous year ahead.
Food safety changes likely to cost manufacturers
Changes to the way local authorities regulate food safety are likely to result in food manufacturers in England, Wales and Northern Ireland bearing the cost of hygiene inspections, according to the Chartered Institute of Environmental Health. This follows a Food Standards Agency announcement that it was considering a new model for food regulation in October 2016. The potential changes are being discussed with the food industry and the reforms programme, Regulating our Future, will be implemented over the next three to five years. For further information, go to:
230,000 cyberattacks on small firms in 2016
Almost 230,000 cyberattacks on small and medium-sized firms took place in 2016, according to a report by IT services provider Beaming. The report has revealed that two thirds of cyberattacks targeted connected devices, such as building control and surveillance systems. A third of attacks targeted company databases. The report has also indicated that cyberattacks on ‘internet of things’ (IoT) devices had increased significantly, with attacks on IoT systems accounting for 90% of all cyberattacks in Q4 2016.
Latest Funding News
The Big Lottery Fund’s investment readiness fund has been extended to the end of 2017, allowing SMEs who are just catching wind of it more time to prepare their application. This is suitable for candidates who are thinking of taking on social investment for the first time and have the ambition to raise up to £500,000 of repayable investment. The programme offers access to a diagnostic tool to help applicants understand their own investment readiness needs, a free 1:1 session with a specialist advisor and then the opportunity to work with one of the programme’s approved providers to apply for an investment readiness grant. So far 800 organisations have used the diagnostic tool, with over 600 opting to take part in a 1:1 session, with a total of £6million being awarded to 212 organisations.
Big Issue Invest are looking to provide loan funding between the value of £20,000—£150,000 for social enterprises who ideally have been trading for at least a year. If you believe it might be of value to you, you are encouraged to email.
Large grants of over £10,000 are available to support projects for up to three years.
Not-for-profit organisations in the UK can apply if they are supporting children and young people of 18 years and under who are experiencing disadvantage through:
- Illness, distress, abuse or neglect
- Any kind of disability
- Behavioural or psychological difficulties
- Living in poverty or situations of deprivation
Organisations must be working to combat this disadvantage and make a real difference to children and young people’s lives.
A rather lovely note we recently received from one of our clients:
“We are most grateful to Inspire2Enterprise for all the support provided.
“As a start up transitioning towards growth, the services and advice offered is invaluable and has helped us develop a more robust governance infrastructure but also alleviated our anxiety so we can focus on development and sleep easier.
“Your expertise, so freely and so enthusiastically given, is most appreciated.”
Get in touch
Contact our free-to-access support service on:
Telephone: 0844 9800 760 (lines open Monday – Friday, 8.30am – 5.30pm)