New social enterprise body for Wales

£8m fund to redevelop buildings marks launch of umbrella group

The Welsh Assembly Government has announced a new umbrella body for social enterprise in Wales.

The Social Enterprise Coalition Cymru was launched this week by Leighton Andrews, deputy minister for regeneration, as part of a social enterprise action plan for Wales.

The new coalition's responsibilities will include running an awareness campaign for social enterprise, organising a biennial social enterprise conference and encouraging young entrepreneurs in Wales.

The assembly also announced an £8m Community Asset Transfer Fund to help social enterprises take over and redevelop underused public sector buildings.

The Wales Co-operative Centre will also receive £7m of funding from both the assembly and the European Union so it can provide support to social enterprises, including services such as mentoring and financial advice.

A new group of social enterprise experts will also be created to advise ministers, with appointments expected later in the year.

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