FINANCE NEWS: Sheffield's social enterprise agency founder quits post

The head of an agency set up to stimulate Sheffield's social enterprises is standing down after eight years in the post.

Fergus Beesley, chief executive of Sheffield Community Enterprise Development Unit, left at the beginning of this week to launch the new Sheffield branch of the environmental regeneration charity Groundwork.

Since its formation in 1995, Scedu has grown to employ more than 100 people and has a turnover of £2m a year.

Activities include a social investment fund that has given out more than £2m in grants over the past 12 months, and a business support unit specifically for neighbourhood enterprises.

Beesley said: "I have enjoyed the challenge at Scedu and have had the support of some magnificent people, but a new challenge awaits.

"I want to play my part in the development of Sheffield as a distinctive and prosperous city with an attractive environment, making it an even better place to live and work," he said.

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