Community and Social Enterprise

Community and Social Enterprise

Policy towards support for community and social enterprise is closely related to policy towards asset transfer since many social and community enterprises may need land or buildings from which to operate, or may wish to be in the business of building management and ownership as their core activity.

In Wales support for social enterprise has been taken forward by the Welsh Government’s Joint Working Group which produced a Social Enterprise Strategy for Wales in 2005. This set a target to transfer assets and provide investment into asset development that supports social enterprises.

In 2009 the strategy was refreshed and produced as the Social Enterprise Action Plan 2009 (to see a copy click here) which referred to the need to work on the perceived barriers to asset transfer to enable social and community enterprise to flourish and to commit to the Community Assets Fund.

The Welsh government has also provided £3.6 million as matched funding to European funds for convergence and competitiveness to support a consortium of organisations who work on supporting social enterprise development, including promoting assets transfer and development as a means of strengthening and widening opportunities for development of small enterprises in Wales.