About the programme
MedCity, in collaboration with a consortium of seven London boroughs (Camden, Hackney, Hammersmith and Fulham, Islington, Lambeth, Southwark, and Tower Hamlets), is proud to introduce the Boosting Life Sciences Social Economy Programme.
As part of our ongoing commitment to fostering diversity and inclusion in the health and life sciences sectors, we have embarked on an ambitious journey to create a ‘coalition of the willing’ dedicated to advancing social entrepreneurship in London.
The Boosting Life Sciences Social Economy Programme is funded by the UK government through the UK Shared Prosperity Fund (UKSPF).
Our Vision
We envision a future where the life sciences sector not only thrives but also becomes a driving force for positive social and environmental change. Our mission is to empower emerging social enterprises and entrepreneurs in public health and life sciences, thereby amplifying economic opportunities for underserved communities. By harnessing the power of social entrepreneurship, we aim to reduce healthcare and economic inequalities.
Programme funding
With £1.4 million in funding from the UK Shared Prosperity Fund, we have embarked on a 22-month programme aimed at boosting the London life sciences social economy.
This programme will provide critical support to social businesses and potential entrepreneurs, helping them make a lasting impact on the health and well-being of our communities.
The UK Shared Prosperity Fund is a central pillar of the UK government’s Levelling Up agenda and provides £2.6 billion of funding for local investment by March 2025. The Fund aims to improve pride in place and increase life chances across the UK investing in communities and place, supporting local business, and people and skills. For more information, visit https://www.gov.uk/government/publications/ukshared-prosperity-fund-prospectus.
Programme summary
Community Events and Social Innovation Events
Community discussions and social innovation events to engage local social entrepreneurs, residents, local authorities and social businesses to co-create potential solutions to address local health inequalities and challenges.
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Incubation and Mentoring
These programmes will deliver a range of bespoke incubation sessions and 1:1 mentoring to individuals who want to set up a social enterprise in health and life sciences.
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Accelerator Programme
A free accelerator specifically for social enterprises working in or seeking to work in London’s health and life sciences sector, covering seven boroughs. The 10-week intensive programme equips participants with the necessary skills, mentorship, knowledge and connections to grow and scale their social enterprise while tackling health inequities in underserved communities.
This exciting new accelerator is a collaboration between MedCity and the School for Social Entrepreneurs.
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Delivery Partners
