Foundation East has joined forces with Future Business Centre, Keystone Development Trust and Cambridge Judge Business School to deliver a programme aimed at encouraging enterprises that provide a social purpose to start up and grow.
The funding for this venture, Social Incubator East, is provided through the Cabinet Social Incubator fund.
The programme provides intensive business education courses run by Cambridge Judge Business School, with incubator work space and specialist social venture support.
Foundation East provides loans to those start up enterprises which were successful in reaching the required standards on the programme. Interest rates are 9.5% (9.9% APR).