Jo McGrath, director of Sector3 Stockport and Stockport Proper Good Program Lead
An £8.25m investment and support program will support entrepreneurs to start or grow businesses that tackle inequalities in communities.
The Proper Good program is offering grant funding, social investment and free-to-access, tailored training and business support to entrepreneurs in four areas of Greater Manchester – Bolton, Oldham, Stockport and Wigan. The support can be at every stage from start-up to scale-up – with a focus on those creating a positive social or environmental impact in their area.
Jo McGrath, Stockport’s Proper Good program lead, and chief executive of Sector3, said: “We know that business can be used as a force for good in Stockport – and a powerful way to tackle our borough’s inequalities.
“This program invites people with bright ideas or growing businesses that do good in the community to join the programme. They will get access to free tailored business support and training to help them take the next steps to fulfill their enterprise potential.
“We will be using our experiences as social entrepreneurs to encourage people to think about how their businesses can be ‘social enterprises’ – where they are committed to improving communities – as well as profit margins.”
The five-year program is being jointly funded by Big Society Capital and Access – The Foundation for Social Investment and Greater Manchester is just one of six regions from across England to take the program forward.
Two million will go to the local delivery leads who are all experienced social entrepreneurs to develop socially responsible businesses in their boroughs and £6.25m will be distributed by Greater Manchester Center for Voluntary Organization (GMCVO) as social investment to help those businesses grow.
Mayor of Greater Manchester Andy Burnham formally launched the program at a virtual event held for public, private and voluntary sector organisations.
He said: “This program sums up how we can make Greater Manchester a better place to live for everyone. You can’t look at economic progress in isolation – it has to go hand in hand with social progress, too.
“This program combines the best of both to empower communities to confront inequalities, poverty and build fairer economies that benefit all residents.
“Cross-sector partnerships are key to place-based regeneration and real leveling up – I look forward to seeing how these partnerships develop thanks to this program over the next five years.”
Entrepreneurs wanting to find more about the program can visit https://www.sector3sk.org/proper-good-business
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