The Housing Executive is to issue grants for local people on estates to set up their own social enterprise businesses.
Almost £400,000 has been set aside for new community run schemes run by tenants across the north.
The innovative new plan is aimed at developing economically vibrant and self-sustaining communities through the creation and development of social housing enterprises.
Grant aid will range from grants of up to £500 through to £50,000.
Urging local people to consider taking on a business opportunity, Ward Erwin, Housing Executive Social Investments Manager, said:
“We are very keen to hear from you if you have an idea to establish a social housing enterprise in your estate that will benefit the community.
“Equally, we want to hear from individuals who also have a business idea or simply want to hear more about our strategy and the help we could provide in developing a local social housing enterprise.
“Whether you need training, education or help to start up a business or want to develop an existing social enterprise then get in touch with us.”
Mr Erwin added: “The Social Investments Team intends to support the transformation our communities and the lives of those living there by empowering people through entrepreneurship and social enterprise.”
There are five levels of funding available:
We are very keen to hear from you if you have an idea to establish a social housing enterprise in your estate that will benefit the community.Ward Erwin, Housing Executive Social Investment Manager
1) Education Grants (up to £500): There are 26 grants available to support individuals to learn about business and organisational development, including the payment of course fees.
2) Business Start-Up Grant (up to £1000): There are 26 grants available to support a business proposal and create a social housing enterprise
3) Embryonic Business (up to £10,000): There are 5 grants available for new or under- developed social housing enterprises.
4) Emerging Business (up to £20,000): There are 5 grants for businesses which require support to grow their business.
5) Established Business (up to £50,000): There are 3 grants for enterprises which are well developed but require significant funding to grow the business and realise full potential for the community.
Any local people interested or wanting to find out more, can contact Ward or Connor on 02890 318333 or email email@example.com.