City first as programme launched to boost social entrepreneurs

A new pilot programme has been launched with the backing of Derby City Council to help local social entrepreneurs turn their ideas into reality.

Social Entrepreneurs in Residence provides a helping hand to businesses which aim to make a positive impact on society or the environment, while also making a profit.

Keith Jeffrey, former chief executive at QUAD, and experienced leadership consultant Paul Squires, have been appointed to provide expert advice, guidance and connections to nurture local businesses that combine profit with purpose.

In collaboration with the city council and local partners, the newly-appointed Social Entrepreneurs in Residence has established a pilot programme – Derby Social Ventures – to provide direct support to the city’s social entrepreneurs.

Mr Jeffrey said: “While there are other initiatives supporting social entrepreneurs across the country, we believe this is the first time a city has appointed Social Entrepreneurs in Residence to specifically focus on providing direct support to social enterprise.”

Councillor Nadine Peatfield, city council leader and portfolio holder for city centre, regeneration, culture and tourism, said: “We believe that social enterprises have the power to transform lives and communities.

“This scheme goes some way to fulfil our manifesto promise to support new businesses, co-operatives and social enterprises to take up space in our city.”

While sharing some challenges with traditional businesses, social entrepreneurs can encounter specific obstacles, such as limited access to funding.

Funded by the city council, the pilot programme aims to create a thriving social enterprise ecosystem where social entrepreneurs can develop the skills and knowledge they need to flourish and connect with other people working on similar projects.

Working in partnership with the University of Derby and East Midlands Chamber, the programme will also gather information to help shape future support for social enterprises.

Councillor Peatfield said: “Social enterprises are a wonderful example of businesses operating as a force for good.

“They not only create jobs and boost our local economy, but also tackle pressing social issues head-on.”

Mr Squires said: “With our extensive experience of the sector, we understand the motivation and the unique challenges for social entrepreneurs.

“Our goal is to offer a range of activities and support to people starting up or already running businesses which make a social impact.”

The pilot runs until 31 December. To find out more, contact Keith Jeffrey at keith@socventures.org.