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Development Fund

Supporting the social economy

We set up our Co-operative & Social Economy Development Fund to support the growth and development of other co-ops and social enterprises around the country. The fund is the main focus for our contribution to the community.

The fund was first established because co-ops, in particular, often have difficulty raising capital when they are trying to get started or wanting to expand.

Our total contributions to the fund to date are currently £362,720 (as at 31 August 2015).

Recent beneficiaries of the Development Fund have been Herefordshire New Leaf Co-operative, Positive News, Bury Community Hydro and Towy Timber.  Our investment in share capital has helped each of these projects get started.

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Bala Sport

Bala Sport - plan to take Fairtrade sports balls to the same level of awareness and sales as other popular Fairtrade products such as bananas, coffee, tea, sugar and chocolate.

Bala_sports

Bala balls are high quality, hand or machine-stitched pieces of sports equipment that help the men and women in Pakistan who make them achieve a better life for themselves and their families through a fair price and safe working conditions. They also benefit from the extra Fairtrade Premium which allows them to invest in free healthcare, education and clean water systems. The Phone Co-op's Co-operative & Social Economy Development Fund invested £15,000 in share capital in the co-operative to help provide the start-up financing the project required.

Why the name Bala? In Spanish it means fast like a bullet and, closer to home, in Gaelic, it simply means ball!

Find out more: www.balasport.co.uk