Pioneers Post
news
  • strict warning: Declaration of context_condition_path::execute() should be compatible with context_condition::execute($value) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/context/plugins/context_condition_path.inc on line 0.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.245.20' for table 'cache_content' query: UPDATE cache_content SET data = 'a:10:{s:10:\"field_date\";a:1:{i:0;a:4:{s:5:\"value\";s:19:\"2011-02-28T00:00:00\";s:8:\"timezone\";s:13:\"Europe/London\";s:11:\"timezone_db\";s:13:\"Europe/London\";s:9:\"date_type\";s:4:\"date\";}}s:12:\"field_source\";a:1:{i:0;a:1:{s:3:\"nid\";s:3:\"215\";}}s:17:\"field_story_img_1\";a:1:{i:0;N;}s:25:\"field_story_img_1_caption\";a:1:{i:0;a:2:{s:5:\"value\";N;s:6:\"format\";N;}}s:27:\"field_story_img_1_in_teaser\";a:1:{i:0;a:1:{s:5:\"value\";s:1:\"0\";}}s:16:\"field_story_lead\";a:1:{i:0;a:2:{s:5:\"value\";N;s:6:\"format\";N;}}s:17:\"field_story_quote\";a:1:{i:0;a:2:{s:5:\"value\";s:321:\"<blockquote>\r\n<p><em><strong>&#39;We will be financing a variety of enterprises, from a social enterprise start-up, to an unemployed person setting up in self-employment or an existing small business needing cash flow or expansion support&#39;</strong></em></p></blockquote>\r\n<p>&nbsp;</p>\r\n<p>Keyfund CEO Ann Oldroyd</p>\";s:6:\"format\";s:1:\"2\";}}s:18:\"field_story_teaser\";a:1:{i:0;a:2:{s:5:\"value\";s:232:\"<p>Social enterprises and other small and medium sized businesses in Yorkshire and the Humber hope to get almost &pound;20m of new funding thanks to a partnership between eight community development finance institutions (CDFIs).</p>\";s:6:\"format\";s:1:\"2\";}}s:25:\"field_story_related_nodes\";a:1:{i:0;a:1:{s:3:\"nid\";N;}}s:17:\"field_story_files\";a:1:{i:0;N;}}', created = 1464680503, expire = 0, headers = '', serialized = 1 WHERE cid = 'content:6228:14224' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • strict warning: Declaration of rules_data_type_string::get_default_input_form() should be compatible with rules_data_type::get_default_input_form($variable_info, $value, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/rules/rules/modules/rules.rules.inc on line 0.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.245.20' for table 'cache_filter' query: UPDATE cache_filter SET data = '<p>Social enterprises and other small and medium sized businesses in Yorkshire and the Humber hope to get almost &pound;20m of new funding thanks to a partnership between eight community development finance institutions (CDFIs).</p>\n<p>If the funding is agreed, &pound;19.95m will be available over the next three years &ndash; &pound;10m will come from the eight community based social lenders and another &pound;9.95m comes as match-funding from the European Regional Development Fund (ERDF).</p>\n<p>Speaking on behalf of the consortium Keyfund CEO Ann Oldroyd said: &lsquo;It&rsquo;s always good to know that you&rsquo;re drawing money out of Europe and it&rsquo;s always good to know you&rsquo;re attracting money into the local economy.</p>\n<p>&lsquo;We will be financing a variety of enterprises, from a social enterprise start-up, to an unemployed person setting up in self-employment or an existing small business needing cash flow or expansion support.</p>\n<p>&lsquo;This will help strengthen the economy of Yorkshire and the Humber which suffers from unemployment at 9.2 per cent compared to the UK rate of 7.9 per cent.&rsquo;</p>\n<p>This fund is a particular coup after an ERDF match fund of half the size planned for the region was scuppered by the demolition of Regional Development Agency (RDA) budgets by the coalition government.</p>\n<p>Initially the RDA, Yorkshire Forward, was going to put in &pound;5m so as to attract &pound;5m from the ERDF and the fund was to be run by the national representative of CDFIs &ndash; the CDFA.</p>\n<p>When the RDA funding was withdrawn the whole scheme was in danger of going under. That was until the eight Yorkshire and Humber CDFIs got together and pooled their funding.</p>\n<p>Oldroyd said: &lsquo;When the funding fell through the eight of us said &ldquo;what are we going to do about this?&rdquo; So we looked at our reserves and decided to put our own money forward and not only have we safeguarded the money from Europe and made sure that it happened but we&rsquo;ve increased the amount we could access.&rsquo;</p>\n<p>The official decision on the funding is not expected until June but the consortium has received a &lsquo;letter of intent&rsquo; from Yorkshire Forward, which manages the ERDF Programme.&nbsp;</p>\n<p>The consortium is operating &lsquo;at risk&rsquo; until formal appraisal processes are completed, but having passed through public consultation and review by the ERDF Programme to reach this stage they are confident in moving to formal contract.&nbsp;</p>\n<h5><strong>Members of the Yorkshire and Humber CDFI consortium:</strong></h5>\n<p>Bradford Enterprise Agency Ltd</p>\n<p>Donbac Ltd</p>\n<p>Goole Development Trust</p>\n<p>Hull Business Development Fund Ltd (Acorn Fund)</p>\n<p>North Lincolnshire Developments Ltd (Bees Knees)</p>\n<p>Saltend Community Development Ltd (Sirius)</p>\n<p>The Key Fund</p>\n<p>The West Yorkshire Enterprise Agency</p>\n', created = 1464680503, expire = 1464766903, headers = '', serialized = 0 WHERE cid = '2:428e1c35be39f3e9a5744b57c811183a' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.245.20' for table 'cache_filter' query: UPDATE cache_filter SET data = '<p>Social enterprises and other small and medium sized businesses in Yorkshire and the Humber hope to get almost &pound;20m of new funding thanks to a partnership between eight community development finance institutions (CDFIs).</p>\n', created = 1464680503, expire = 1464766903, headers = '', serialized = 0 WHERE cid = '2:83dbd50dd892b2bbf8dbe9f95ee663c6' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.245.20' for table 'cache_filter' query: UPDATE cache_filter SET data = '<blockquote><p><em><strong>&#39;We will be financing a variety of enterprises, from a social enterprise start-up, to an unemployed person setting up in self-employment or an existing small business needing cash flow or expansion support&#39;</strong></em></p>\n</blockquote>\n<p>&nbsp;</p>\n<p>Keyfund CEO Ann Oldroyd</p>\n', created = 1464680503, expire = 1464766903, headers = '', serialized = 0 WHERE cid = '2:fb5f6258aa23ac24e3b075c67765a0b5' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • strict warning: Declaration of context_condition_node::execute() should be compatible with context_condition::execute($value) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/context/plugins/context_condition_node.inc on line 0.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of date_handler_field_multiple::options() should be compatible with views_object::options() in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date_handler_field_multiple.inc on line 0.
  • strict warning: Declaration of views_handler_argument::init() should be compatible with views_handler::init(&$view, $options) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/handlers/views_handler_argument.inc on line 0.
  • strict warning: Declaration of views_handler_filter::options_validate() should be compatible with views_handler::options_validate($form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/handlers/views_handler_filter.inc on line 0.
  • strict warning: Declaration of views_handler_filter::options_submit() should be compatible with views_handler::options_submit($form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/handlers/views_handler_filter.inc on line 0.
  • strict warning: Declaration of views_handler_filter_node_status::operator_form() should be compatible with views_handler_filter::operator_form(&$form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/modules/node/views_handler_filter_node_status.inc on line 0.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Only variables should be passed by reference in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date.theme on line 255.
  • strict warning: Only variables should be passed by reference in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date.theme on line 260.
  • strict warning: Only variables should be passed by reference in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date.theme on line 261.
  • strict warning: Only variables should be passed by reference in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date.theme on line 255.
  • strict warning: Only variables should be passed by reference in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date.theme on line 260.
  • strict warning: Only variables should be passed by reference in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date.theme on line 261.
  • strict warning: Declaration of context_condition_menu::execute() should be compatible with context_condition::execute($value) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/context/plugins/context_condition_menu.inc on line 0.
  • strict warning: Declaration of context_reaction_debug::options_form() should be compatible with context_reaction::options_form($context) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/context/plugins/context_reaction_debug.inc on line 0.
  • strict warning: Declaration of context_reaction_block::execute() should be compatible with context_reaction::execute() in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/context/plugins/context_reaction_block.inc on line 0.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of views_handler_filter_boolean_operator::value_validate() should be compatible with views_handler_filter::value_validate($form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/handlers/views_handler_filter_boolean_operator.inc on line 0.
  • strict warning: Declaration of views_handler_filter_term_node_tid::value_validate() should be compatible with views_handler_filter::value_validate($form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/modules/taxonomy/views_handler_filter_term_node_tid.inc on line 0.
  • strict warning: Declaration of views_plugin_style_default::options() should be compatible with views_object::options() in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/plugins/views_plugin_style_default.inc on line 0.
  • strict warning: Declaration of views_plugin_row::options_validate() should be compatible with views_plugin::options_validate(&$form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/plugins/views_plugin_row.inc on line 0.
  • strict warning: Declaration of views_plugin_row::options_submit() should be compatible with views_plugin::options_submit(&$form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/plugins/views_plugin_row.inc on line 0.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.

£20m fund to help Yorkshire social enterprises

28 February 2011

'We will be financing a variety of enterprises, from a social enterprise start-up, to an unemployed person setting up in self-employment or an existing small business needing cash flow or expansion support'

 

Keyfund CEO Ann Oldroyd

Social enterprises and other small and medium sized businesses in Yorkshire and the Humber hope to get almost £20m of new funding thanks to a partnership between eight community development finance institutions (CDFIs).

If the funding is agreed, £19.95m will be available over the next three years – £10m will come from the eight community based social lenders and another £9.95m comes as match-funding from the European Regional Development Fund (ERDF).

Speaking on behalf of the consortium Keyfund CEO Ann Oldroyd said: ‘It’s always good to know that you’re drawing money out of Europe and it’s always good to know you’re attracting money into the local economy.

‘We will be financing a variety of enterprises, from a social enterprise start-up, to an unemployed person setting up in self-employment or an existing small business needing cash flow or expansion support.

‘This will help strengthen the economy of Yorkshire and the Humber which suffers from unemployment at 9.2 per cent compared to the UK rate of 7.9 per cent.’

This fund is a particular coup after an ERDF match fund of half the size planned for the region was scuppered by the demolition of Regional Development Agency (RDA) budgets by the coalition government.

Initially the RDA, Yorkshire Forward, was going to put in £5m so as to attract £5m from the ERDF and the fund was to be run by the national representative of CDFIs – the CDFA.

When the RDA funding was withdrawn the whole scheme was in danger of going under. That was until the eight Yorkshire and Humber CDFIs got together and pooled their funding.

Oldroyd said: ‘When the funding fell through the eight of us said “what are we going to do about this?” So we looked at our reserves and decided to put our own money forward and not only have we safeguarded the money from Europe and made sure that it happened but we’ve increased the amount we could access.’

The official decision on the funding is not expected until June but the consortium has received a ‘letter of intent’ from Yorkshire Forward, which manages the ERDF Programme. 

The consortium is operating ‘at risk’ until formal appraisal processes are completed, but having passed through public consultation and review by the ERDF Programme to reach this stage they are confident in moving to formal contract. 

Members of the Yorkshire and Humber CDFI consortium:

Bradford Enterprise Agency Ltd

Donbac Ltd

Goole Development Trust

Hull Business Development Fund Ltd (Acorn Fund)

North Lincolnshire Developments Ltd (Bees Knees)

Saltend Community Development Ltd (Sirius)

The Key Fund

The West Yorkshire Enterprise Agency