This will be welcome news for many, as a study last year found that social entrepreneurs were demanding more recognition from consumers and investors – some 94 per cent felt their businesses should be recognised seriously as pathways to do good.Crowdfunder and Santander have called the union a “revolutionary partnership”. The firms highlighted it will not only drive support for disadvantaged people nationwide, but also create a bond between alternative and traditional finance. The pair believe banks and crowdfunding platforms can create closer relationships in the future. Phil Geraghty, MD of Crowdfunder, added: “The new partnership between Crowdfunder and Santander is a key milestone for the crowdfunding industry – opening up powerful networks and opportunities between the banking sector and the next generation of ’changemakers’. “It also offers long term economic impacts by supporting social enterprises alongside the immediate benefits of helping people make their great ideas happen.” In addition to providing funding to social enterprises to help the local communities, projects will receive education, enterprise and coaching support to help ideas flourish. Santander noted it intends to introduce further funding in 2017.
Looking at where innovation and social enterprises meet, this company ensures coffee doesn’t just energise the sleep deprived – waste grounds are fuelling buildings.
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