New investment for growing social enterprise
Somerset Community Foundation has agreed their latest social investment package worth over £25,000, providing a welcome boost to We’re Eco, a local social enterprise that recycles waste wood and offers work experience to disadvantaged and vulnerable members of the local community.
The support includes a £20,000 loan and grants, from Somerset County Council’s Somerset Social Enterprise Fund (SSEF), the Summerfield and Tauntfield Fund and the Somerset Youth Fund which are both managed by Somerset Community Foundation.
Bev Jones, co-owner of We're Eco said "Having the funding from SCF and SCC will enable us to offer more supported volunteering to people in our local community who struggle with mental health issues, substance abuse, young people and long termed unemployed to name but a few. Having extra tools and equipment will make a huge difference to the projects we have to offer. The funding means we are able to purchase a van rather than rent which in turn will free up a large amount of our yearly turnover which will enable us to create employment opportunities".
Cllr John Osman, Leader of Somerset County Council said: “This is a perfect example of the type of work the Somerset Social Enterprise Fund was set up to support – that which feeds back into, and ultimately strengthens, our communities. I would like to wish We’re Eco all the best for the future. And needless to say I am looking forward to seeing their new, eye-catching van in all its glory when it is up and running!”
Mark Blackwell from Summerfield Developments said “This is precisely the kind of project we aim to support: locally based, benefitting the local community and the local environment too. Working with Somerset Community Foundation means that our funding can be matched by other funds to maximise our impact.
To find out more about the Somerset Social Enterprise Fund, please click here or call Justin Sargent on 01749 344949.