FINANCE NEWS: Project launches to open up enterprise in the East Midlands

A project has launched in the East Midlands to help voluntary organisations generate more income from social enterprise.

Idea3, administered by umbrella bodies Engage East Midlands and Social Enterprise East Midlands, is intended to push back the barriers that prevent groups from moving into income generation.

During the first research phase of the project, a survey on enterprise activity will be conducted with around 2,000 organisations, along with 10-20 in-depth interviews and roundtable discussion groups and seminars.

During the second phase of the project, tools and methods of support for social enterprise will be piloted with East Midlands voluntary groups.

The project is funded by the East Midlands Development Agency. Consultant John Pepin said: "We want to help charities fulfil their mission, while achieving revenue diversification through enterprise. Some organisations aren't aware of what they can do with their intellectual property."

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