The Cyfenter Fund, launched in 2012, provides financial investment of up to £75,000 to new and developing Social Enterprises to deliver new products or services. Such investment is aimed at creating services that meet unmet community needs or address market failure, and assist enterprises in achieving their potential as viable and sustainable businesses in the economy of North West Wales. Funding for the £4 million project has been provided through the European Regional Development Fund (ERDF) and the local authorities of Anglesey, Conwy, Denbighshire and Gwynedd.
Since its launch, the Cyfenter Fund has assisted almost 50 Social Enterprises in delivering new services across North West Wales. Projects include community shops, tourism initiatives, elderly and domiciliary care services, recycling and reuse enterprises, the transfer of assets such as leisure and community centres from local authorities to community enterprise. Sectors supported include social care, leisure, education and learning and environmental services. A summary of the Cyfenter project portfolio is being developed and is available as part of this website (see approved projects page).
Current Cyfenter funding ends in 2015, with the aim being to secure additional funding to enable future investments to be made in the Social Enterprise sector. If you have a project idea, you can forward your details to us through the form on the Project Proposal page. Updates will be posted on the News page as information becomes available. You may also wish to follow us on Twitter at Cyfenter. If you wish to discuss a potential project, please get in touch with us, details are on the Contact page.
As a finishing note, we’d just like to add Go, enterprise your community and think Social Enterprise!
The Cyfenter Team