Cash deadline for enterprising ideas to make east London life better after Covid emergency
- Credit: Investec
A deadline has been extended for anyone with social ideas to make life better in east London after the coronavirus emergency to apply for cash to get their start-ups off the ground.
The programme at the Bromley-by-Bow Centre run by Investec social enterprise organisation aims to help innovators in the neighbouring boroughs of Tower Hamlets, Hackney and Newham with ideas supporting people hit by the effects of the pandemic.
It has already helped 47 new social enterprises since 2011 which have a combined turnover of £4.5m, with eight-out-of-10 still in business today.
“We’re supporting promising entrepreneurs who want to make a sustainable and positive impact in the community,” Investec’s Razia Nizamuddin said. “They’ve gone on to create more than 300 jobs in our communities. We couldn’t be prouder.”
Grants are being offered to “capture enterprising ideas” conceived in response to Covid-19 with traditional business plans that reinvest their profits to improve community life and “change the world for the better”.
You may also want to watch:
Successful applicants get up to £20,000 as well as training to help get their business ideas going.
One enterprise called InCommon connects schoolchildren with people isolated in retirement homes, over the phone and online, in response to the lockdown crisis.
But there were doubts at first. Its co-founder Charlotte Whittaker explained: “Self-doubt can be your own biggest barrier when you start out and you have an idea. The Investec programme gave us confidence that our idea was worth pursuing.”
Another social enterprise helped by the programme is Fat Macy’s serving home-cooked food and dining at supper clubs and offices. It trains youngsters living in temporary accommodation, helping them move into their own homes, but has recently taken on a social mission in the wake of coronavirus by deploying its catering to help the NHS with meals for frontline staff.
Investec is now looking for businesses “with a clear social purpose” creating jobs for those facing barriers to work as well as youth training, healthy living and environment improvements.
Business must be going less than 12 months, but can also be at “the idea stage”. The deadline to apply for grants online here is 5pm on October 30 or call Kim Hayman on 07706-687671 (email email@example.com).
- 1 Drug dealer jailed for murder of Jay John after Dalston attack
- 2 Two taken to hospital and driver arrested after car flips in Hackney
- 3 New Aldi opens with help from Hackney pupils and Olympian
- 4 More developers could lodge proposals for Hackney Central site
- 5 Panel finds gross misconduct proven against Pc arrested on suspicion of drug dealing
- 6 ‘People hit the deck’ - Londoners stunned by fighter jet flyover
- 7 Woman battered Hackney Wetherspoons with axe as customers hid inside
- 8 Five reasons why Dalston is one of the coolest places in the world
- 9 Planet Organic to open in Broadway Market despite thousands of signatures in protest
- 10 Aldi Local to open in Dalston next month