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Social Enterprise

Volume 450: debated on Tuesday 10 October 2006

To ask the Chancellor of the Duchy of Lancaster if she will make a statement on Government support for social enterprise. (89178)

The Government have introduced a number of measures to enable social enterprises to prosper. In 2002 a strategy for social enterprise was published to help create a dynamic and sustainable social enterprise sector and to tackle barriers to growth of the sector.

The strategy has led to a number of significant developments for the sector, including the creation of the community interest company legal form, funding for the establishment of the social enterprise coalition and improvements to the financing environment, including the multi-million pound Futurebuilders Fund.

However, we have further to go in creating an environment in which social enterprises thrive. The next steps will be outlined in the Social Enterprise Action Plan, which will be published later this year.