SEEM-less Transfer for Key Service Supporting Local Enterprise
Added by Love Business East Midlands | 13 August 2015
UPDATED: 13 August 2015
Social Enterprise East Midlands (SEEM) has handed over the baton for support to Social and Community Enterprises in the East Midlands to the Key Fund from the 1st August 2015.
The Key Fund, which already has a strong local presence, is the UK’s most prolific investor in the social enterprise sector. It is incorporating the work of the organisation into its day-to-day operations, safeguarding the services for the future.
Nottingham-based SEEM, which was formed in 2002, provided services across the East Midlands to support the creation and development of social businesses and social enterprises to become sustainable and deliver significant and enduring social impact. It also enabled access to Social Investment and offers Investment Readiness Support to charities, community businesses, social enterprises and social businesses.
Dave Brazier, Chair of SEEM, said:
“Obviously, we are a bit sad to see the closure of SEEM as an independent organisation. However, we are absolutely delighted that the great work done by SEEM is to be continued by the Key Fund. In particular, the provision of Social Investment for business with a social purpose will be continuing, and indeed expanding in the future.”
SEEM shared similar values with Key Fund as a not-for-profit social enterprise that believes it’s possible for businesses to function in a transparent, ethical and socially responsible way. Both organisations support enterprise that not only delivers the products and services that people want to buy, but provides the means to have a positive impact in the community in which they operate.
Key Fund was launched in Sheffield 1999 to stimulate local economies in Yorkshire and the Humber after the decline of the coal, steel and other major industries. Its smallest funding package is £3,500 and the largest so far has been £300,000. The Sheffield-based Community Development Finance Institution (CDFI) has invested over £39m in almost a thousand businesses which stimulate local economies and place equal importance on social impact as well as profit.
Matt Smith, Key Fund’s Deputy CEO, said:
“We are excited about building on the fantastic legacy built in the East Midlands by Roger Moors and the team at SEEM. We see real opportunities to grow the sector in the area and will be developing new programmes in the future.”
Please direct any enquiries to the Key Fund.
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