The Social Enterprise Action Plan 2024-2026 has been launched by the Scottish Government. The plan sets out a bold vision to strengthen Scotland’s social enterprise ecosystem and foster innovation, inclusivity and sustainability.
The plan launches at a pivotal moment, acknowledging the sector’s resilience and adaptability amidst economic pressures and societal shifts. Public sector budgets across the board are constrained, there is higher competition for funding and investment, the cost-of-living crisis is reducing customer spend and increasing operating costs.
The Action Plan outlines 17 key actions to be carried out over the next two years, prioritising collaboration and enhancing local networks and partnerships with organisations to boost investment.
The plan will see £3.2 million invested in the Social Entrepreneurs Fund over the next two years which seeks to expand opportunities for entrepreneurs, social enterprises and community groups. In addition, a pilot from the Social Growth Fund will offer 0% interest loans to help organisations manage short-term cash flow issues.
Social enterprises will also be promoted as mainstream business models, supported to embrace digital transformation and gain better access to funding and resources.
Read more:
https://socialenterprise.scot/new-social-enterprise-action-plan-launched-by-scottish-government/
