Monday, 10 March 2014

Offering budding entrepreneurs in Hyndburn the chance to bring their ideas to life

Dear Mr Jones, I am writing to let you know that the application window for the 2014/15 intake of Lloyds Bank and Bank of Scotland Social Entrepreneurs is now open until Thursday 3rd April, and to invite you to encourage budding entrepreneurs in your constituency to apply. By starting a social enterprise this year, your constituents could provide new opportunities for both themselves and the residents of your local area. All they need is a great idea!

Launched in April last year, the Lloyds Bank Social Entrepreneurs Programme with the School for Social Entrepreneurs provides both financial support (grants from between £4,000 - £15,000) and access to a comprehensive learning support programme including a business mentoring scheme. Over the next five years the programme, which is also supported by The Big Lottery Fund, will support around 1,300 social entrepreneurs to Start and Scale innovative social organisations:
• Start up: For those at an early stage in the development of their project or organisation, the Start Up programme support students in personal development and basic business skills development to help turn their project or project idea into a reality. Each 'Start Up' participant will receive a grant of £4,000 to support their learning and the development of their project.

• Scale up: For those who have an established organisation and are looking to take it to the next level, the Scale Up programme will equip them with the tools to develop it further and maximise its social impact. Each 'Scale Up' participant will receive a grant of £15,000 to support their learning and the development of their project.
Students from the Programme have so far developed a wide range of exciting enterprises that have brought substantial benefits to their own communities and much further afield. Prospective social entrepreneurs need to apply online at by 3rd April.

We would also like to offer you for the opportunity for an organised visit with a student in your local area. The schools themselves are based in 10 key locations (Bristol, Cornwall, Plymouth, East of England Hampshire, North West, Scotland, London, West Midlands and Yorkshire and Humber) - however students from across the country are welcome to apply to the programme.

Further information about the programme is attached and please do not hesitate to get in touch if you have any questions or would like to arrange a visit.

Kind regards, Katie