Support boost for region’s STOs

We’re delighted to announce that Kindred has had £6.5m of funding approved, via Liverpool City Region Combined Authority and Power to Change.

The money is designed to support the socially-trading economy in the region, which employs 50,000 people and generates £2.9bn in income each year.

Erika Rushton, Creative Economist, who has been commissioned to deliver the set up and delivery of Kindred, said:

“Approval for Kindred couldn’t have come at a better time, or a worse time,” she says. “Despite improving prosperity in the city region, the pandemic highlighted just how fragile our economy was and how reliant we had become on large organisations and long supply chains that couldn’t, or didn’t, respond to our everyday needs. Socially-trading organisations stepped in and stepped up. Collectively they now offer Liverpool City Region the means of finding new purpose for redundant buildings, new roles for unemployed people, of reinvigorating our high streets and harnessing the inherent social entrepreneurialism that flows throughout the city region’s heritage to deliver a kinder and more inclusive economy.

“Kindred was designed by, is collectively owned by, and will invest and reinvest in socially-trading organisations in the Liverpool City Region. I look forward to the day when Kindred and social trading is the norm.”

Read more here