Social enterprises get start-up cash

Last updated 11:43 14/02/2014

Relevant offers

Small Business

Refurbished building could 'light up' quiet Queen St, in central Blenheim IdealCup coffee couple want to make Motueka a disposable cup-free zone Bespoke jewellery company The Rolling Mill shines in Aro Valley Single mum battles with mental illness and starts booming make up business The NZ Womens Entrepreneur network helps women start their own businesses from scratch Born to paint: Min Kim's artistic journey to Christchurch Auckland entrepreneurs take out major startup prize for football app Southern teen sees opportunity in Invercargill, starts her own business Land dispute continues as $630m Kapiti expressway set to open Proper Crisps prospering with hands-on passion

More than $1 million of Government funding has been set aside to build start-up social enterprises.

Community and Voluntary Sector Minister Jo Goodhew today announced $1.27 million would go to supporting organisations that furthered human and environmental well-being, but using commercial models to generate income.

"This government recognises that by combining social goals and business methods, social enterprise has the potential to play a significant role in New Zealand's social innovation and economic development," Goodhew said.

The money will be administered through the Hikurangi Foundation - a charity dedicated to incubating social enterprises.

"Over the next two years the Hikurangi Foundation will receive $1.12 million to help build a national social enterprise incubation and development service to provide expert support, resources, and one-on-one advice from bases in Auckland, Wellington and Christchurch," she said

An extra grant would also be given to Hikurangi to fund a pilot programme supporting 10 new social enterprise initiatives.

Private energy company Contact Energy would also be giving funds to the project.

Ad Feedback

- Stuff

Special offers
Opinion poll

Do you feel better off than at this time last year?

Yes

No

In some areas yes, others no

Vote Result

Featured Promotions

Sponsored Content