The School for Social Entrepreneurs (SSE) and Lloyds Banking Group have joined forces to launch a five-year programme to support 500 entrepreneurs across the UK as they start up and grow social and community enterprises.

Launching in April, the scheme will see 100 social entrepreneurs each year receive comprehensive support from the SSE through its innovative learning programmes, as well as a grant ranging from £4000 to £25,000. A donation to the SSE from Lloyds Banking Group has made the programme possible.

Outcomes from previous SSE programmes, evaluated by New Philanthropy Capita, show that the programme could benefit more than 800,000 people and generate up to 2500 jobs with a value of £11 million.

Paul Turner, Lloyds Banking Group community and sustainable business director said: "This programme will leave a powerful legacy in communities across the UK. SSE's track record made them a partner of choice and we are incredibly proud to be able to support them in this way."