It
has been our great pleasure to work with so many different existing
and emerging social enterprise groups and all those involved in
the social enterprise sector. We hope that we have delivered a
good service and you have enjoyed working with us.
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Social enterprises are local communities which work together to achieve the goal of providing a service/s needed by the local population. This maybe IT support youth based services among other areas which may be needed by the local population.
Invoice factoring is often confused with invoice discounting. When invoices are ‘factored’ no borrowing is involved. The invoices are sold to an established finance company at a reduced cost (i.e. lower than their collective worth). An invoice discount arrangement involves short-term borrowing against your unsettled invoices.
Whether you choose to turn to an invoice factoring company or an invoice discounting lender, you will at least see some money quickly. By raising capital in this way you will have the cash flow you need to run your business as normal. This means that late payers (of outstanding invoices) are not damaging your business.
Finding a good invoice factoring firm is not difficult. There are numerous finance companies across the country who offer invoice factoring as part of their services.
One enterprising sector for our community is the short term lenders offering no nonsense credit for families in need, the availability of these instant loans are in very high demand, so the best bet is to check out early to avoid disappointment.
Voluntary
Action Cumbria is currently seeking funding to maintain a service
to facilitate enterprise development through signposting community
and social enterprises to sources of information, advice and funding.
In
the meanwhile, three members of the Enterprising Communities (Bill,
Howard & Viv) team have set up their own social enterprise
secod (social enterprise and cooperative development ltd) to continue
offering specialised support to emerging and existing social enterprises
in Cumbria.
We are currently undertaking
a robust evaluation of our work which will draw out and consolidate
our evidence-based learning. We plan to post this learning on
an attractive, creative, innovative and challenging website open
to all. We want to see our ideas, approaches, learning, case studies
and the tools we have developed widely used. We will alert you
when the website is ready.
Please
continue to check the Enterprising Communities website www.enterprisingcommunities.org.uk
and the Cumbria Social Enterprise Partnership website www.socialenterpriseincumbria.org
for information on what's going on in the social enterprise sector
in Cumbria.
With very best wishes,
Anne,
Bill, Cath, Dani, Howard, Quentin, Rose and Viv
secod
social enterprise and
co-operative development ltd
a
new social enterprise to support social enterprise and co-ops
in Cumbria and the north of England
further
information ..........
Voluntary
Action Cumbria - Funding Advice Service
VAC's
Funding Advice Service closed on the 15th February.
Funding
advice will now be delivered through your local CVS. There will
be a transition period with a reduced service until the 1st April
when the new countywide service will begin.
If
possible, please delay your approach to your local CVS until after
the 1st April.
District
CVS contact numbers:
|
Carlisle
|
01228
512513
|
|
Eden
|
01768
242138
|
|
West
Cumbria
|
01900
819191
|
|
South
Lakeland
|
01539
742627
|
|
Barrow-in-Furness
|
01229
823144
|
VAC's
"monthly funding update" will be produced in March and
April with the first countywide funding bulletin following in
May.