free web stats

Southport Reporter - You local online newspaper for Merseyside and the Liverpool City Region.

   
  .Sign up to get our FREE email news bulletins.  

   

News Report Page 6 of 7
Publication Date:-
2020-08-09
 
News reports located on this page = 2.

₤6.5 million boost for Liverpool City Region's socially trading organisations

METRO Mayor Steve Rotheram has announced ₤5.5m for Liverpool City Region's socially trading organisations, following approval from the Combined Authority meeting on Friday, 31 July 2020. The funding, together with ₤1 million from independent trust Power to Change, will establish Kindred as a social investment vehicle that aims to support the growth of the social economy in the Liverpool City Region. Socially trading organisations; sometimes known as:- 'community businesses' are those companies that set out to deliver social benefits by trading commercially. They do not include more traditional charities who rely solely on donations or grant income, or those organisations who export profits from a locality.

Speaking about the funding, Metro Mayor Steve Rotheram said:- "Our Region's social businesses are the often underappreciated engines of our economy, delivering economic and social value worth almost ₤3bn every year. Our recovery has to be built from the bottom up; as a Combined Authority we can act as an enabler, but we do not have the monopoly on good ideas. Because of devolution, we are able to work alongside our socially trading sector to understand their needs and challenges and have been able to tailor our response around that.The result is Kindred. Owned and managed by the sector, it will offer social investment and peer to peer support for other community businesses, with the aim of generating good growth whose benefit is felt most by the people at the heart of their communities. The pandemic showed everyone how vital the socially trading sector is; we are determined to protect and grow it as part of our economic recovery plans. We cannot Build Back Better without building with our socially trading sector."

The sector employs 50,000 people,  1 in 10 of the City Region's workforce, with 1300 socially trading organisations generating ₤2.9 billion per year for the City Region economy. It is a particular strength of the City Region and Building Back Better, the economic recovery plan for the City Region, clearly identifies that it has a clear and important role to play in generating growth while also helping to achieve a fairer and more inclusive economy.

Vidhya Alakeson CEO of Power to Change, strategic partner and co-investor in Kindred, said:- "Kindred is a bold, innovative initiative that puts a vibrant social economy at the heart of the City Region's economic plan. Community businesses and other socially trading organisations are not a nice to have, they are an important contributor to a more inclusive economic recovery. By investing in Kindred, Liverpool City Region is spearheading a new approach that has the potential to reinvent local economic strategies across the country."

Since October 2019, the Combined Authority has been working with a founding team, including independent trust Power to Change, to develop Kindred as a new investment and development vehicle, owned and run by the sector, that will provide business support and funding to community businesses.

Erika Rushton, Creative Economist, who has been commissioned to deliver the set up and delivery of Kindred, said:- "Approval for Kindred couldn't have come at a better time, or a worse time. Despite improving prosperity in the City Region, the pandemic highlighted just how fragile our economy was and how reliant we had become on large organisations and long supply chains that couldn't, or didn't, respond to our everyday needs. Socially trading organisations stepped in and stepped up. Collectively they now offer Liverpool City Region the means of finding new purpose for redundant buildings, new roles for unemployed people, of reinvigorating our high streets and harnessing the inherent social entrepreneurialism that flows throughout the City Region's heritage to deliver a kinder and more inclusive economy. Kindred was designed by, is collectively owned by, and will invest and reinvest in socially trading organisations in the Liverpool City Region. I look forward to the day when Kindred and social trading is the norm."

After consulting with more than 150 socially trading organisations, Kindred was created earlier this year, and will be developed by and owned by the sector. And throughout the pandemic, Kindred has provided tailored, peer to peer business support for around 200 socially trading organisations across the City Region, as the Combined Authority and Power to Change fast tracked plans due to launch in the Autumn.


LGA responds to the Children's Commissioners Briefing

RESPONDING to a new briefing by the Children's Commissioner setting out the key actions needed to ensure children are at the heart of planning for any future Coronavirus Lockdowns, Cllr Teresa Heritage, Vice Chairman of the Local Government Association's Children and Young People Board, said:- "We know that many children will have been out of School for up to 6 months, which will have an impact on their mental wellbeing and development, and we support the Children's Commissioner's calls to keep Schools open for as long as is possible. Councils have been working closely with Schools throughout the Coronavirus Pandemic to ensure they remain open for vulnerable children and families, and where needed, Councils have delivered vital IT equipment for children. As we look to return to normal from September 2020, Councils will continue to work with all Schools and local partners, but it will be essential that Councils have the capacity and necessary data to play their full part in the Test and Trace programme. Any local decision to close a School will need to be based on the scientific advice."

 
      
 
   
 
 
News Report Audio Copy
 
 
Please ensure Javascript is enabled for purposes of website accessibility

 

 

This is a live image that reloads every 30 seconds.

An Image from our Southport Webcam above. To see it live, please click on image.


See the view live webcamera images of the road outside our studio/newsroom in the hart of Southport.

An Image from our Southport Webcam above. To see it live, please click on image.

 


Click on to find out why the moon changes phases. 
This is the current phase of the moon. For more lunar related information, please click on here.

 

Find out whats on in and around Merseyside!



This is just 1 of the events on our event calendar, click on
here to see lots more!

This online newspaper and information service is regulated by IMPRESS, the independent monitor for the UK's press.

This online newspaper and information service is regulated by IMPRESS the independent monitor for the UK's press.

This is our process:-
Complaints
Policy - Complaints Procedure - Whistle Blowing Policy

Contact us:-

(+44)
  0844 324 4 195

Calls will cost 7p per minute, plus your telephone company's access charge.
Calls to this number may be recorded for security, broadcast, training and record keeping.

Click on to see our Twitter Feed.   Click on to see our Facebook Page.   This website is licence to carry news from Vamphire.com and UK Press Photography.


Our News Room Office Address

Southport and Mersey Reporter, 4a Post Office Ave,
Southport, Merseyside, PR9 0US, UK

 
 
Tracking & Cookie Usage Policy - Terms & Conditions
 
 
  - Southport Reporter® is the Registered Trade Mark of Patrick Trollope.