Seasonal Greetings to everyone…

Christmas card 2014 image

We hope that everyone has a warm and happy seasonal break.

Looking forward to another exciting year at SEEM, with the continued support and engagement of our sector. With all best wishes for a prosperous and effective 2015.

Roger and the SEEM team…


 Article highlights from 2014, if you missed them?

Reviewing education and the funding debate: Read more here.

Social Finance – a breakfast revelatory: Great venue, great presentations, great connections. Read more here.

Socially productive places and the pop-up shop! Read more here.

Big energy ideas from the social sector – track the winners! Read more here.

Happy New Year!

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Elvaston Castle, development Chair sought…

Elvaston Castle and Country Park, in Derbyshire, has been working to establish through consultation, with a wide variety of communities of interest and partners, a clear ‘vision document’ for the Castle.

This has been achieved and now the Castle is looking to appoint a Chair of a new advisory Development Board, to prepare the estate for the next phase of its sustainable future.

Working with The National Trust, Derbyshire County Council have delivered a profile and terms of reference for the new Chair and the Development Board.

internetIconMini You can see the original recruitment documents on the web pages of Everything Elvaston Castle here.

This Community Interest Company  (CIC) has been established to play its own partnership role in developing and broadcasting news and information to the Elvaston community and its hinterland.

(Roger Moors of SEEM, has through his work with the community and DCC, as well as the Elvaston team, been instrumental in the creation of this new inclusive community presence, designed to inform everyone about the new future for the Elvaston Estate).

internetIconMini  You can discover more about ‘The Future of Elvaston’ on the web site www.futureelvaston.co.uk here.

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Social Finance and Human Capital

Roger H. Moors and Justin Beresford have recently published a new paper on Social Finance and Human Capital: the case for social investment in higher education. The paper presents an interesting argument, namely, that higher education offers the opportunity for private investment and hence that human capital can be viably classed as an investible proposition.

Read the full paper here...
Read the full paper here…pdf

This is a new model of education. Making the process of investment in human capital a social finance initiative, which might offer tax incentives for pension fund investment, whilst reducing state spending on H.E. The model could offer real wage increases over time, enhancing the fiscal strength of generations in the future.

The abstract:

“The markets for both education and retirement planning are characterised by market failure and hence are dependent on state intervention. However, an ageing population and a commitment to make university the norm for most young people have led the state to withdraw wholesale funding.

This paper discusses the potential for social capital to be used as a funding mechanism for university tuition. A solution is outlined in which investor’s pension contributions are used to fund university tuition. Graduates pay a higher marginal rate of tax over their working lives and contributions are drawn down by retirees from these repayments. Wage growth over time, motived by induced investment in human capital, means that each successive generation is able to recoup more than it put in.

The external benefits outlined allow the facilitating institution to be classified as a social enterprise and hence investment is motived by tax incentives as well as the promise of high private returns”.

The argument:

This is a timely paper. With some £9 billion spent on higher education in England, student debt and the future shape of university finances all currently in debate. It has been mooted that universities might, for instance, buy the student loan debt of their own students. Much criticism has been engendered, however, as some suggest this will lead the institutions to only take on low risk students from wealthy backgrounds. Further promoting social divide and a non-inclusive higher education process, as they reap the later financial benefits of students taking up highly paid careers as their lives unfold.

The Moors/Beresford thesis holds that benefits can be accrued from the creation of a ‘savings pension pot’, which could be used to fund university tuition fees. The model for a fully funded scheme sees investor savings used to invest in university tuition fees, rather than being invested in financial market instruments.

The graduating student will repay their tuition fees by accepting a higher rate of marginal income tax over a fixed number of years. The Moors/Beresford multiplier would kick in if the ‘…rate of growth of participating students earnings continuously outgrows interest rates’, leading to a continuously rising scale of skill and economic productivity to foster more growth for future generations.

Read the paper, join the debate, support a new model of education for future generations.

About the authors of this proposition:

Roger Moors is CEO at SEEM (Supporting Social Business) based in Nottingham. Researching the development of new models and applications for ‘social finance’ across a range of social and environmental issues.

Justin Beresford is an economic adviser at the Malagasy Ministry of Finance Department for Budget Programming and Coordination. He was an assistant economist at the UK Ministry of Justice (Analytical Services Directorate).

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Don’t forget Good Deals 2014

Registration for the Good Deals conference taking place on the 24-25th of November 2014 at 30 Euston Square London will close on Wednesday the 19th of November.

Our partners Matter&Co are once again organising the UK’s biggest gathering of social entrepreneurs, civil society leaders, corporates and social investors.

Keynote speakers include Jacqueline Novogratz, Vince Cable, Safia Minney and Liam Black. Please visit http://www.good-dealsuk.com/ to book your ticket online and for programme and venue details.

As a partner to the event we are delighted to offer all of our members a 25% discount ticket to the conference using the promo code SEEM14.

If you can’t wait, give a member of the team a call on 02085338892.

We are really excited about this year’s event and we will be there in full force. We hope to see you there too.

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Women, navigating the digital divide…

Zeros and Ones

A free panel debate:   Friday 14th November, 2014 – 3.00 to 4.30pm, followed by an informal networking event at the Mezz Bar and Lounge at Broadway.

The event promises some great insights and conversations exploring if, and how girls and women are moving forward in the digital creative industries, with thoughts and opinions on overcoming potential barriers as a women starting out in the digital industries.

The event will be energised by a distinguished panel. Keynote speaker, Helen Darlington founded creative agency INK Digital . A Finalist for 2014 Digital Entrepreneur of the year; and winner of 2013 Female digital entrepreneur; Helen will be joined on the panel by Joy Francis Executive Director of Words of Colour Productions, and co-founder of Digital Women UK, Jo Welsh, Diversity and Inclusion manager at Creative Skillset, Annie Hayley Founder and Director of Nottingham based App development company Multipie, and Artist and Curator Candice Jacobs.

You can see the booking information for this free event on the Broadway calendar pages here.

You can also visit the pages of the Projector Project too. Projector is Broadway’s Business support Programme for the creative and digital content industries, ‘…offering 1-2-1 business advice, business sessions and workshops and residency opportunities; the programme is funded by ERDF therefore participants do not have to pay for any of the business support provided’.

Friday 14th, 2014 – a diary date for all female creatives in Nottingham?

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SEEM partners the Good Deals Social Investment conference

This was the GoodDeals conference in 2013.

Good Deals 2013 from Matter&Co on Vimeo.

Now for 2014…

SEEM (Supporting Social Business) will be in London for the UK’s biggest social investment conference at the end of November 2014 and as partners to this event we’ve secured a special discount rate for our members and readers of ‘MiningTheSEEM’

With less than four weeks to go to the Good Deal Conference taking place on the 24th and 25th of November, we’re looking forward to seeing what’s new in the world of Social Finance. Our partners Matter&Co are once again organising the UK’s biggest gathering of social entrepreneurs, civil society leaders, corporates and social investors.

Keynote speakers include Jacqueline Novogratz, Vince CableSafia Minney and Liam Black. For more information on programme and venue details please visit www.good-dealsuk.com.

As a partner to the event we are delighted to offer all of our members a  25% discount ticket to the conference using the promo code SEEM14.

We’re reliably informed that over half the tickets have already been sold, so if you can’t wait give a member of the Good Deals team a call 020 8533 8892.

We are really excited about this year’s event and we will be there in full force.

We hope to see you there too…

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Are you getting enough finance?

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Business growth in our region…

Access to finance to support Growth

The Local Enterprise Partnerships in the East Midlands and South East Midlands are conducting a survey of businesses in our area to find out whether businesses are able to get access to finance to support their growth.

This could of course include social finance for all socially impacting businesses.

They would like to know about business’ experiences if they have sought funding recently or if they plan to seek funding for future investment projects. They would also like to know if they have any barriers to growth.

By completing the survey below, businesses will help the Local Enterprise Partnerships in the East Midlands and South East Midlands to decide how to use their funds to help small and medium-sized enterprises.

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Your say!

You can find the on-line survey here.

 

 

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Food Freedom on the radio…

Nottingham based Food Freedom, a new social business created by Nicky Gray and supported by Roger Moors of SEEM managed to secure national coverage this week on BBC Radio 4.

Developed as a consultancy and training company to advise and inform food businesses about allergies, Nicky spoke about the impending legislation that all restaurants, indeed all food outlets will be subject to come mid December this year. ‘You and Yours’, one of the stations prime time programmes featured Nicky and a number of restauranteurs talking about the need to comply with the new laws or face prosecution.

Nicky who has a wealth of knowledge in this arena decided to establish her business last year to both safeguard people who suffer with food allergies and intolerances but also to assist food outlets, many of whom are unaware of the new law and their obligations. Food Freedom was one of a number of businesses supported by SEEM under the Cabinet Office Social Incubator North programme. Roger said…

‘I’m delighted that Nicky has managed to get this level of publicity and awareness on national radio. The impact of her work is enormous and I’m really pleased that the support and finance we provided has enabled her to grow and develop her business so successfully in such a short period of time’.

internetIconMini  To understand more about the work of Food Freedom follow this link to http://www.food-freedom.co.uk/

internetIconMini  To hear Nicky’s eight minutes of fame follow the link below http://www.bbc.co.uk/programmes/b04md54k

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CleanTech Connections

 

 

We were pleased to cross the City and to be invited to the latest CleanTech Centre lunch event, on Thursday 21st October, 2014. A great opportunity to network and hear key speakers in an informal, professional setting.

Our Roger Moors was delivering the keynote presentation to the assembled guests and he was welcomed to the event by Bob Pynegar of Inntropy Limited, who owns the Centre.

Inntropy was set up in 2011 by Bob Pynegar and Nick Gostick. They saw that a building in West Nottingham had the potential to be an incubator for entrepreneurs, start-ups and SMEs specialising in clean technologies. This building is now known as The Nottingham Clean Tech Centre (NCTC).

Bob wrapped his introduction to delegates with an illustration of how the CleanTech Centre offers its resident businesses a professional, supportive atmosphere to work in, with the advantage of having spaces available to meet client s and suppliers, as well as being able to take advantage of the Inntropy ‘entrepreneurship offer’ – mentoring, guidance , support and training.

Completing his delivery to the audience with a stress upon the growing importance of the Social Business sector, whether as a source of development funding, the melding of company philosophies with consumer expectations or the growth of the ‘triple bottom line’ business. ‘Social outcome will be even more important for the SME sector in the future...’ said Bob.

Roger Moors of SEEM then took centre stage. Roger began by offering the assembled business audience a range of definitions about the context of charities in business, social enterprises, and now with the emergence of the social finance sector, the ever growing importance of companies with distinct and clear social aims, yet who can still deliver external dividends as part of their enterprise processes.

Roger used a few simple diagrams to make his point. The ‘blended social business’, with solid social aims, clear business strategies and distinct profits would look something like this, he argued…

blendedbusinessgraphicAchieving the blended balance…

Roger emphasised the point that there were 90,000 Social Enterprises in the UK, with only some 10% actually delivering a sustainable business model that was not reliant on loans or charitable grants.

An opportunity for the social business, with strong profits, to deliver social outcome in a sustainable way.

This was not seen as a failure of the sector, but an opportunity for mainstream businesses to make bolder declarations of their social concern and delivery and use this effect to capitalise expansion, new products an services, the whole while supporting their communities of interest.

Roger then launched to the audience the new £1 million Nottingham Social Impact fund, which is designed to fit the investment profile outlined in the narrative above.

With loans available from£5,000 to £150,000, Roger saw the initial tranches of support in the £50,000 sector or below, with an ideal period of three years for repayment. The money will be put out at 6.5% interest.

The Fund is a collaborative effort between Nottingham City Council and The Key Fund.

Roger, in conclusion, stressed the importance of the Public Sector Social Value Act of January 2013. Committing all Local Authorities to take social impact into account when making strategic procurement decisions with their public money.

Roger receive applause from the audience and the thanks of Bob Pinegar for his clarity and conciseness.


I f you are interested as a start-up in the office provision and business support that the CleanTech Centre can offer, then please use the contact details below.

We know that you will be warmly welcomed.

Nick Gostick – nickgostick@inntropy.co.uk

Linda Slack – lindaslack@inntropy.co.uk

0115 822 1865

Inntropy Limited, Nottingham CleanTech Centre,
63-67 St Peter’s Street, Nottingham, UK, NG7 3EN


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