Tag Archives: fund

Rishi Sunak unveils new £500million support fund to help households this winter

THE GOVERNMENT announced this morning that it is launching a £500million support plan for households to help those “most in need” this winter. The new Household Support Fund will be available to councils from October and comes as the furlough scheme ends, while the £20 per week uplift to Universal Credit is due to finish next week.

Read more here Daily Express :: Finance Feed

HISTORIC FUNDING OF $13 MILLION DOLLARS TO THE TRANSGENDER WELLNESS AND EQUITY FUND BY GOVENOR NEWSOM ANNOUNCED

The TransLatin@ Coalition was founded in 2009 by a group of Transgender and Gender nonconforming and Intersex (TGI) immigrant women in Los Angeles, California, as a grassroots response to address the needs of TGI Latin@ immigrants

LOS ANGELES, CA, UNITED STATES, July 15, 2021 /EINPresswire.com/ — California Governor Gavin Newsom has announced that the Transgender Wellness and Equity Fund would be receiving $ 13 million in funding that will provide health care services for transgender, gender non-conforming, and intersex (TGI) people across all of California. Resources include mental health programs, culture-based programs, medical services, as well as supportive housing help specifically for TGI people. This historic announcement is the continuation of the victory that was achieved when AB 2218 was passed in September of 2020.

The TransLatin@ Coalition, led by Founder and CEO Bamby Salcedo, was instrumental in advocating for the passing of AB2218 last year. Since then, she has been working tirelessly to ensure that not only would the funding come to fruition, but that a precedent would be set for other states and policymakers to follow as well.

“We are so grateful that TGI people will have the resources needed to improve our quality of life. We are privileged to live in a state that has the most inclusive legislation to support the livelihood of trans people. It is through intentional investment in the lives of TGI people through this budget allocation that collectively we are going to improve the lives of all TGI Californians,” said Bamby Salcedo, Chief Executive Officer at TransLatin@ Coalition.
“I’m so proud of this community vision becoming a reality. This budget allocation shows that when we let TGI people lead, great things can happen. I look forward to working to get these funds to our people here on the ground!” said Michaé De La Cuadra, Manager of Policy and Community Engagement at TransLatin@ Coalition.

The TransLatin@ Coalition will be holding a press conference next week. Details to be announced. For updates and news, follow on social media:
Facebook: https://www.facebook.com/translatinacoalition
Instagram: https://www.instagram.com/translatinacoalition/
Twitter: https://twitter.com/TransLatina_C
Please reach out with any questions or if you would like to get involved:
Website: https://www.translatinacoalition.org/
Email: media@translatinacoalition.org
Address: 3055 Wilshire Blvd., Ste 350, Los Angeles, CA 90010

About TransLatin@ Coalition:
The TransLatin@ Coalition (TLC) was founded in 2009 by a group of Transgender and Gender nonconforming and Intersex (TGI) immigrant women in Los Angeles, California, as a grassroots response to address the specific needs of TGI Latin@ immigrants who live in the United States. Since then, the agency has become a nationally recognized organization with representation in 10 different states across the U.S. and provides direct services to TGI individuals in Los Angeles.
To learn more, visit www.translatinacoalition.org

Miri Rossitto
Cowe Communications
miri@cowe.com

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This post originally posted here usnews

Norway Creates Global Climate Investment Fund to Cut Emissions in Developing Countries


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AP Photo / Branden Camp

Described as a milestone by the government, the fund has sparked criticism from both left and right – for being “too little” and coming “too late”, as well as for being pointless, as the developing countries themselves invest heavily in coal.

The Norwegian government has announced it will establish a new climate fund to cut emissions in developing countries, in line with the Paris Agreement, in which rich countries pledged to annually contribute billions of dollars in aid to cover developing countries’ ever-increasing energy needs.

The new climate investment fund is expected to have NOK 10 billion ($ 1.1 billion) over the next five years and will be managed by Norfund, a private equity company established by the Norwegian parliament in 1997 and owned by the Foreign Ministry. The fund receives its investment capital from the state budget and its mission is to help developing countries fight poverty through supporting economic growth, employment and technology transfer.

Prime Minister Erna Solberg emphasised that this is not a “greenwashing” of Norwegian politics, which is a recurrent criticism of the liberal-conservative coalition among the opposition.

“No, this is a hot real answer to the Paris Agreement. We follow up on what we have committed to, which is to participate in financing in other countries. It is not a replacement for what we are going to do here at home, but an addition,” Prime Minister Erna Solberg told national broadcaster NRK.

The new fund is expected to contribute to the global phasing out of coal production by 2040. As of now, up to 30 percent of global greenhouse emissions are estimated to stem from the use of coal plants.

“The need is enormous and will only increase in the future,” Prime Minister Solberg said.

Solberg encouraged investors to join the Climate Investment Fund when it becomes operational.

“To succeed in reducing greenhouse gas emissions, especially in Asia, we must include other commercial capital,” Solberg underscored.

Development Aid Minister Dag-Inge Ulstein described the Climate Investment Fund as a “milestone in Norwegian development aid history”.

“We know that even if we give one percent to aid, the world’s aid funds alone will never solve global challenges such as climate change,” he emphasised.

CEO Tellef Thorleifsson in Norsund, stressed a great energy need in developing countries with strong growth.

“India alone is planning to develop new energy which will exceed all current consumption in the EU in the next 20 years,” he underscored. “Now we have a new, clear mandate to invest more in the markets where the climate effect will be greatest,” he said.

However, the fund sparked criticism from both left and right. According to the Socialist Left Party, the government is doing too little and too late. Its mouthpiece Kari Elisabeth Kaski demanded that an extra NOK 6 billion ($ 700 million) is earmarked each year.

By contrast, Helge Lurås, editor-in-chief of the news outlet Resett described the fund as “giving even more money abroad”. He dismissed the whole idea as pointless.

“While Norway subsidises so-called green energy, the countries themselves invest in coal power. China, India, Indonesia, Japan and Vietnam plan to build 600 new coal power plants in the coming years. China alone accounts for more than half, 368 power plants,” Lurås concluded.

Author: Igor Kuznetsov
Read more here >>> Norway Government & Politics News

Coronavirus latest: UK plans £226m recovery fund for local bus networks in England

Growth in the US services sector cooled in June from a record-setting pace the month before, as businesses grappled with higher prices and labour challenges. The Institute for Supply Management’s index measuring activity in the services sector fell to 60.1 last month, the lowest level since February, from a record high of 64 in May.

Costco will later this month cut the special shopping hours for US seniors that it started in March 2020, shortly after the pandemic was declared a national emergency in the country. Costco stores will from July 26 no longer have special operating hours from 9am to 10am, Monday through Friday, for members who are aged 60 or older, or those who have disabilities or are immunocompromised.

Gavin Williamson, UK education secretary, has confirmed an end to the so-called “bubble” self-isolation system in schools. The system, which will be scrapped from July 19, required students to stay at home if a member of their class or year group bubble contracted Covid-19.

Close contacts of a person who has tested positive for coronavirus will from August 16 no longer have to self-isolate in the UK if they are fully vaccinated, the health secretary has said. Anyone who receives their second dose “just before or just after” that date will need to wait a fortnight for the vaccine to become as effective as possible before the rule applies to them, Sajid Javid told the House of Commons.

The North West had the highest coronavirus death rate in England last year, according to data from the Office for National Statistics. The ONS said the North West had 176 deaths per 100,000 people related to Covid-19. The South West of England had the lowest rate at 59.3 deaths per 100,000 individuals. 

More people died in the UK than were born last year for the first time since 1976, according to official statistics. In 2020, there were 90,000 deaths registered involving Covid-19 across the UK, taking the total number of deaths to 690,000, an increase of 85,000 from 2019, data from the Office for National Statistics show.

Author: Gary Jones in Hong Kong
Read more here >>> International homepage

Andreessen Horowitz Goes Ham on Crypto with a New $2.2B Fund

In 2013, the venture capital firm Andreessen Horowitz led a funding round for a startup called Coinbase. Cryptocurrency had hardly gone mainstream, but Coinbase, just a year out of Y Combinator, positioned itself as the financial exchange of the future. Andreessen Horowitz led the $ 25 million round, the first of several investments that would make Coinbase the best-funded crypto company in the world.

Eight years later, the investment has paid off. In April, Coinbase became the first major crypto company to go public and did so with such élan that even crypto skeptics paid attention. Coinbase closed its first day of trading at $ 328.28 a share, putting its value at $ 85.8 billion—making it Andreessen Horowitz’s biggest exit yet. (Today it trades at $ 226.01 per share.)

Now the firm is betting that rising interest in cryptocurrency can continue to make it very rich. Andreessen Horowitz announced today its third crypto-focused fund for the “next generation of visionary crypto founders.” The $ 2.2 billion Crypto Fund III will be among the largest capital commitments to the crypto ecosystem in history, and about four times the size of the firm’s second cryptocurrency fund a year ago. “We believe that the next wave of computing innovation will be driven by crypto,” several partners wrote in a blog post, which suggested potential innovations in governance, networks, and the distribution of economic benefits.

Andreessen Horowitz’s new fund comes amid a crypto gold rush. So far this year, venture capitalists have invested $ 17 billion in crypto companies, according to Bloomberg. Union Square Ventures, another early investor in Coinbase, will reserve 30 percent of its new $ 251 million fund for crypto companies. Even more traditional players, like PayPal and Visa, have started to creep into the crypto space by joining Blockchain Capital’s new $ 300 million fund. Many of these investors are betting that other startups can replicate Coinbase’s massive success and that the recent mania over things like nonfungible tokens will spark a number of new crypto projects.

Still, the fate of these startups is largely tied to the prices of bitcoin and other mainstream cryptocurrencies. And those prices can be volatile. The price of bitcoin dropped from a record high of $ 63,000 in April to about $ 33,000 this month. Recently, prices have seesawed based on Elon Musk’s tweets and news about crypto mining.

Cryptocurrencies have been volatile for as long as they have existed, but that hasn’t stopped entrepreneurs from swooping in when times are good. Chris Dixon, a general partner at Andreessen Horowitz, has called this the “crypto price-innovation cycle”: Prices spike, a frenzy follows, new startups get founded, and VCs rush to fund them. Then prices decline, bringing more media attention and some startups down with it. But Dixon argues that this “chaotic” cycle has led to many innovations over the last decade. Andreessen Horowitz funded some of those companies with its $ 515 million Crypto II fund, including Aleo, which helps build decentralized applications, and Goldfinch, a platform that enables crypto borrowing without crypto collateral.

While cryptomania is near an all-time high, regulators are also starting to pay more attention to digital currencies: The Chinese government recently cracked down on bitcoin miners and startups facilitating crypto transactions. In the United States, some regulators have also called for greater enforcement on crypto exchanges.

To that end, Andreessen Horowitz also introduced several new advisers to the crypto team, who are meant to help “translate crypto to the mainstream” and perhaps navigate future regulation over the crypto market. Tomicah Tillemann, the former chair of the Global Blockchain Business Council and an adviser to the White House, will join as global head of policy. Two others with government experience—Bill Hinman, the former director of the Securities and Exchange Commission’s Division of Corporation Finance, and Brent McIntosh, former undersecretary of the Treasury for International Affairs—will also join as advisers. Anthony Albanese, who left the New York Stock Exchange last year to take a role on Andreessen Horowitz’s crypto team, will now serve as chief operating officer.

With its massive new fund, Andreessen Horowitz plans to do more than just meet those challenges ahead. It’s hoping to find the next Coinbase—or something even bigger.


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Author: Arielle Pardes
This post originally appeared on Business Latest

£1million franchise grant fund launched to seed 200 new small businesses

Although the pandemic has changed the business landscape with many more firms struggling as recovery begins, demand for property-related services has boomed. Fantastic Services, which covers cleaning, gardening, handyman, pest control and removals, has expanded into 20 new areas in the past year.

The company’s grant initiative plans to meet the initial expenses for starting a home services business. Prime clients are those who have lost their job, the self-employed or those experiencing business struggles due to coronavirus.

Anton Skarlatov, the co-founder and CEO of Fantastic Services, explained: “The grant covers most of the expenses for starting a working franchise business with Fantastic Services.”

Rune Sovndahl, the co-founder and board chairman, added: “Since the start of the pandemic, we have looked for ways to give back to the community, offering free services to NHS and frontline workers. With the new grant programme, we provide a viable alternative to employment through franchising and help anyone restart their career or business in a high-demand sector.”

The Fantastic Services grant programme is suitable for tradespeople, technicians with experience in the services sector and people who are looking to change industries and will bring customer service skills to the table.

Franchisees can work on-site along with their team or manage several local ones in London and other areas across the UK. It’s geared for local service providers or self-employed tradespeople who offer one or a selection of services.

HQ’s emphasis is on generating sales leads leaving franchisees to deliver the service. The company says it has invested £20m in bespoke technology platforms to streamline the booking process and work allocation.

For more information and an application form, visit https://fantasticfranchise.com/fantastic-grant.

Author:
This post originally appeared on Daily Express :: Finance Feed