Partner Article

Community business strikes the right chord

A HEXHAM community music business music has received a cash injection of £10,000 to expand its operations.

Core Music, which develops people’s music knowledge and skills – including those with physical and learning disabilities - has received an additional £10,000 on top of £20,000 it received in December 2008 from The Social Enterprise Fund.

The Community Interest Company will use the money to purchase new and improved stock which will help them to continue organising and running music lessons, workshops, events, demonstrations and master classes.

Director of Core Music, Mike Coleman, said: “TSELF previously provided us with a loan so that we could purchase start up stock for a new retail outlet. That loan was invaluable to us and this second one will be just as well received and used to help us help more people.

“The money will go towards new quality stock which will further increase the enjoyment of everyone who comes to Core Music.”

TSELF provides loans to social enterprises and charities ranging from £15,000 to £250,000 and would encourage any social enterprises looking for loans to contact them.

The Social Enterprise Loan Fund (TSELF) is a Community Development Finance Institution (CDFI) and a registered charity aiming to support social enterprises engaged in social regeneration projects with the provision of loan finance.

TSELF has, to date, invested £8million in social enterprises across the UK, helping clients to generate job opportunities as well as training places.

This was posted in Bdaily's Members' News section by Ruth Mitchell .