The Access Foundation has launched a £40m Enterprise Development Programme to help more charities and social enterprises sustain and strengthen their impact by becoming financially resilient and self-reliant. The foundation has set out a five-year strategy, a key element of which is providing funding to support a broad range of enterprise development activities in partnership with other foundations, social investors, sector infrastructure bodies and enterprise advisers (see box).
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During the design process, UK Youth worked with Access to share views and experiences of social investment from across the youth sector. We found a mixed picture, with many youth organisations still extremely worried about the focus on social investment at the expense of grants. This highlighted the need to cater for both entry level organisations that have not considered social investment before and are looking for a simple, low risk, way to test out new approaches, and organisations that already have social investment and are keen to expand this funding stream.
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