FINANCE NEWS: Government cash for UK Coalition for Social Enterprise

The UK Coalition for Social Enterprise, a new body that aims to provide a national voice for businesses working for social gain, has been given £40,000 seedcorn funding by the DTI.

Minister for Social Enterprise, Doug Alexander, announced the grant at last week's Social Enterprise London annual conference.

Baronness Glenys Thornton, chair of the coalition, told the conference: "This is the first bit of seedcorn funding to get the organisation on the road."

She said the aims of the coalition are to give social enterprises a public voice, create a more welcoming legislative framework and improve funding regimes.

Coalition members include Social Enterprise London, NCVO, Poptel, the Cooperative Bank, Nat West and the New Economics Foundation.

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