Ultra Education are delighted to have received funding from UnLtd to support our initiatives in teaching entrepreneurship to young people during the coronavirus crisis. Ultra Education received funding as part of an UnLtd’s Inclusive Recovery Fund in partnership with partners Comic Relief and the Department for Digital, Culture, Media Sport (DCMS).The organisation stated:
Over 120 social entrepreneurs have been awarded funding from UnLtd’s Inclusive Recovery Fund, a £4.75 million fund to help social entrepreneurs in England deliver their important services while adapting to challenges presented by the coronavirus crisis. The fund aims to unleash the potential of social entrepreneurs at a pivotal moment in the UK’s economic and social recovery.
In recognition of the pandemic’s disproportionate impact on these communities, well over half (63%) of those awarded funding, identify as Black, Asian or from an ethnic minority background and/or are disabled entrepreneurs. Four in ten (43%) of those awarded identify as Black, Asian or from an ethnic minority background and 24% are disabled entrepreneurs[1].
Meanwhile 72% of grants went to leaders with lived experience. These are leaders with direct first-hand experience of social problems, who are activating these experiences to inform, shape and lead their social ventures to directly benefit the communities they share those experiences with.
Funding is available thanks to a partnership with Comic Relief, matched by the Department for Digital, Culture Media & Sport as part of the Government’s £750 million support package for charities.
[1] These figures also incorporate social entrepreneurs who are both from Black, Asian or minority ethnic backgrounds and are themselves disabled (4%).
