The Community Enterprise Growth Plan focuses on the untapped potential for growing enterprises with a social purpose in underserved places and communities.
It is a proposal to create jobs, boost growth and address inequalities by unlocking new investment for community enterprises.
The plan would use new Dormant Assets funding to invest in community enterprises – the community-based businesses, social enterprises and trading charities taking entrepreneurial approaches to tackling social problems.
The plan centres on providing increased access to capital, dedicated funding to encourage the growth of trading activity, and tailored business support.
It looks to leverage both private and philanthropic capital alongside Dormant Assets - doubling the amount available to communities and ensuring the finite resources available are used to maximum effect.
The plan builds on a strong track record of utilising Dormant Assets over 10 years to invest in social enterprises, community businesses and trading charities, and complements other proposed uses of dormant assets.