We are absolutely delighted to announce that we’ve been successful in the Welsh Governments #FoundationalEconomy challenge Fund. We will receive £85,190 in funding.
Our plan is to work with public sector stakeholders to change procurement practices and place more contracts with social enterprises that support those furthest from the labour market.
The Foundational Economy Challenge Fund is supporting a series of experimental projects that will support the foundational economy. The fund’s budget is now over £4.5m. This includes £2.4m from the Valleys Taskforce budget, specifically ring-fenced for projects in the Valleys Taskforce area. Welsh Government have pulled together a group of experts from a range of sectors to drive the agenda forward.
Our new £4.5m fund will test innovative ways of supporting and growing our foundational economy so that we can spread good practice right across Wales. I want it to fund experimental projects that are collaborative and innovative, test which Governmental interventions works best and challenge the conventional ways of doing things.
Lee Waters AM
Deputy Minister for Economy and Transport
The deputy minister also visited ELITE Paper Solutions earlier this year and said the following;
“It has been an inspirational visit to ELITE Paper Solutions, the staff here are working hard to create an environment where people from all backgrounds and facing difficulties can learn skills, build confidence and obtain employment.”
If you’d like to get in contact regarding ELITE Paper Solutions Services, please contact 01443 692061.