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Social Enterprises: Finance

Question for Department for Digital, Culture, Media and Sport

UIN HL13772, tabled on 1 March 2021

To ask Her Majesty's Government what steps they are taking to increase financial support for social enterprises.

Answered on

9 March 2021

The Government has provided an unprecedented multi billion pound package of support, allowing social enterprises and other civil society organisations, including those at risk of financial hardship, to continue their vital work during the Covid-19 outbreak

The funding includes furlough payments, the Coronavirus Business Interruption Loan Scheme and direct funding to the charity and social enterprise sector through the £750m sector support package, £150m release of dormant assets. The impact of the funding will continue beyond the life of the grants with equipment purchased still being used and service adaptations still benefiting people across the country.