The Community Foundation for Calderdale is involved in a new project targeting investment in social enterprises.
The Yorkshire Venture Philanthropy Programme has been set up by community foundations in Leeds, Calderdale and South Yorkshire and the regional Key Fund.
It will also provide a package of support for new start and established social enterprises.
The programme consists of four elements: Small grants up to £5,000; grant/loan packages of between £5,000 and £100,000 with the loans being provided by Key Fund; access to advice from business experts and a bursary scheme.
Part funding over three years will come from the Europeran Regional Development Fund.
It is believed to be the first regional fund of its kind and also presents an opportunity for the private sector to combine philanthrophy with business objectives.
Community foundations are now planning events and seminars to explore opportunities.
Each area has a board and finance committee with representatives from business and finance who provide strategic direction to the programme. The Calderdale board includes Susannah Hammond, Regulatory Affairs Editor at Complinet and Elland businessman Wim Batist who is also treasurer of the Calderdale and Kirklees Manufacturers Alliance.