Regional News — June 29, 2015 at 5:11 pm — Updated: June 29, 2015 at 5:11 pm

£11 million EU-backed project to support growth of social businesses in Wales

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£11 million EU-backed project to support growth of social businesses in Wales
An £11 million investment to support the growth of social businesses across Wales has been announced by Finance and Government Business Minister Jane Hutt.
The Social Business Wales project, backed by over £6 million of EU funds and almost £5 million from the Welsh Government, will be delivered by the Wales Co-operative Centre and will provide specialist support for some 500 social businesses, including co-operatives, employee-owned companies and social enterprises.
Finance Minister, Jane Hutt, said: “As a pro-business government, we are working closely with businesses to create growth and jobs in all parts of Wales. The social business sector plays an important role in supporting local economies, particularly in disadvantaged areas. I’m delighted that this investment of EU and Welsh Government funds will help to support and grow the sector so that it can continue to make a valuable contribution to the provision of important services within communities and create more jobs and opportunities across Wales.”

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