The Social Enterprise Loan Fund has provided a loan of £20,000 to CORE Music in Hexham, Northumberland, to purchase start up stock for a new retail outlet.
CORE Music is Community Interest Company which encourages and promotes supported musical activities to those with disabilities, poor mental health and the socially excluded. It aims to provide opportunities for involvement in music for people of all ages, abilities and personal circumstances. Profits made are reinvested in the community to provide more music based services to those who cannot afford to pay for them.
The business has just set up a store to sell musical instruments, equipment and accessories, which will not only provide an income stream, but also opportunities for volunteering and eventual employment for people interested in music and an affordable source of music equipment.
Income raised through the store will help to fund the organisation’s outreach activities, such as workshops and school music groups. The new premises will also act as a base for other proposed activities including access to demo recording facilities for groups, community groups and individuals.
Director of Core Music Mike Coleman said: "The support and encouragement we have received from TSELF has been crucial in enabling us to set up and commence our community enterprise. We are delighted with the progress we are making and hope that our relationship with TSELF continues to develop and prosper."
“CORE Music CIC offers a valuable service to many people who may not otherwise be able to access music activities,” adds Rod Jones, Regional Director of TSELF. “The new store is an important addition to their community business and we are delighted to be able to help them purchase start up stock.”
To find out more about CORE Music CIC and their new store visit www.coremusic.co.uk or phone 01434 601993.
The Social Enterprise Loan Fund has provided a loan of £20,000 to CORE Music in Hexham, Northumberland, to purchase start up stock for a new retail outlet.