Tag Archives: business model

CIC to a CIO – how to convert?

Did you know that if you are a Community Interest Company (CIC) you can apply to convert directly to a charitable incorporated organisation (CIO)?

Cio governance conversion - signpost image
Which direction?

At the end of August the Charity Commission have just published detailed guidance on what you need to achieve this change in your governance.

The guidance offers five key steps to go through in order to change your organisation status.

 

They are…

Step 1: Prepare a conversion resolution  – see more here.

Step 2: Adopt Charity Commission model constitutionsee more here.

Step 3: Prepare a resolution adopting the CIO constitution  – see more here.

Step 4: Apply for charitable status  – see more here.

Also offered is guidance on what to do after you have appliedsee more here.

You can find full details of the advice pages here – https://www.gov.uk/guidance/convert-a-community-interest-company-to-a-cio

Note: There is a nicely detailed article by Lucy Johnson-Cameron available on the ‘final word’ on the benefits of a CIO, just in case you are in mid-debate, see more here

We are always happy to help in formative discussions about governance.

Contact us here.

 

Starting your social enterprise?

Social Enterprise UK, with the support of generous sponsorship by NatWest Bank, have just published their ‘Start Your Social Enterprise’ booklet.

This is a great primer on social enterprise, clearly laid out and packed with information for those of you about to start your SocEnt journey.

Start Your Social Enterprise cover image and web link
See more here – pdf

You can view, print or download a copy of this publication here (pdf).

The chapters include sections on Mission, Market and Money, as well as Marketing and Branding and the all important Business Plan.

There is also a very clear grid format page which illustrates the choices of good governance you can pursue, in order to control and support your Social Enterprise ambitions as a community.

We particularly liked the SEUK section on Looking After Yourself.

It is easy, in the whirl of excitement and drive to make things happen to forget about individual well-being in pursuit of the goal. We have repeated the sensible advice below…

”Pay yourself properly – as soon as is practically possible, pay
yourself properly; some social entrepreneurs pay other people
first in the organisation, but everyone needs to live…

Find a mentor – a mentor is someone independent outside your organisation
to talk to who can provide advice and support to you; organisations like
UnLtd and the School for Social Entrepreneurs will often link you to mentors
as part of their support, but you may be able to identify your own…

Be part of networks – there are lots of local, regional and national groups and
networks for social enterprises, from national bodies like Social Enterprise UK
to the Social Enterprise Places across the country to local and regional networks
like SELNET in Lancashire or SEEE in the East of England; they will often run
events, send newsletters with information, and provide connections to others. (…and SocEntEastMids too…Ed).

Don’t neglect family and friends – take time out, spend time with
the people you like and love, and you will be better refreshed, more
focused and more productive when you return to the enterprise…

Keep learning – this is a fast-moving world, and there are new developments,
opportunities and information to find out about; events and newsletters can
help with this, as can podcasts or books on business and social enterprise…”

Source: Social Enterprise UK, Start your social enterprise, p.13   Accessed 02.08.2017

A useful addition to your armoury when building your community business to effect change.

We recommend it as a great starting point for changing the world, or even a bit of it in the immediate vicinity at first!


If the SocEntEastMids team can help you reflect on your start- up plans, you can contact us here. You can find our enterprise and support philosophy here.

Taking a new view

Digging a hiole - image
Getting the right direction of travel first really helps!

Sometimes, in a committee room or at your office desk, starting a new community enterprise – or entertaining the very thought – can be a bit like the image above.

SocEntEastMids logo and web link - About us.Here at SocEntEastMIds we are trying to build a new starting point. A resource for information about social enterprise, news and stories from successes, and those that didn’t go well. To promote understanding and to get easy access to a community project road map.

First principles are important and you can find a good read about building social businesses on our Good Reads page here. We will be expanding our library of good reads in the future. (It’s been our road-map for a long time now too…Ed.)

Having a chat about your idea is also important too. Not all project ideas grow, but those that do invariably begin by talking to experienced practitioners, even informally. You get an idea about a business landscape before you enter it. SocEntEastMIds is happy to have a conversation – contact us here.

Social Enterprise in the UK - British Council - cover image and web link
View, print or download your book here – pdf

The British Council have published a great resource, Social Enterprise in the UK, a sort of ‘SocEnt primer’ and an illustrated overview of the social business sector. One of the best we know.

It covers everything you might need to know about social enterprise and community business – from governance to diversity, from incubation to consortia.

You can download your free copy here. It’s a big book, packed with information and structural insight.

 

If we can help pick a chapter and we’ll come and talk to you about it.  Contact us here.

If you need it, pick a chapter, and we’ll create a one hour workshop and come and deliver it to you.  Contact us here.

We are particularly keen to hear from community groups, faith groups, childcare and education settings of all kinds who are beginning to wrangle with ‘sustainability’.

No charge and, as our Partnership Australian colleagues say, ‘no worries’. You can find out more SocEntEastMids on our About Us page here.


IGNITE – the Big Energy Idea 2017

Back again in 2017, Ignite are again looking forward to advance investment readiness and idea development for the brightest in the social enterprise energy sector.

Advancing social impact in the energy sector – with the support of Centrica.

If you are over 16 years of age, resident in the UK and looking to develop your energy business potential…then you should apply to the Ignite Social Enterprise challenge. With investment available from betwwen £50k and £2m, then put your energy, enthusiasm and nascent business in the best place to ‘give it wings’.

You need to contact ignite (at ) centrica.com to discuss your idea and to obtain an application form. The deadline for the simple first round is 31st January, 2017.

You can see fuller details and the complete eligibility criteria here – http://ignitesocialenterprise.com/challenge/

 Icon for Adobe PDF   Download a pdf of Frequently Asked Questions here.

You’ll get support and a brilliant networking opportunity in the energy sector if you are successful. Don’t let the light go out on your idea…IGNITE IT


From the archive:

We last featured Ignite on the pages of Mining the SEEM in 2015. Check out that year’s process and previous winners for even more background.

£5.5m Northern Impact Fund launches for social enterprises

 

Imaginaitive with funding, secure in it’s mission for social enterprise – The Key Fund…

Key Fund, a long-standing investor in community and social enterprises, is delivering the Northern Impact Fund, aimed at new and early stage enterprises who are seeking finance to support growth.

Matt Smith, CEO of the Key Fund, said: “With this fund we’re offering finance of up to £150k, but typical investments will be around £50k, with up to 20% of the amount available as grant. The Key Fund was one of the early pioneers in this space, and our original model was based on a grant and loan mix, so we’re really excited to be going back to that original model. It’s long been our belief that grants can play a very important role in helping new and smaller social enterprise become more robust.”

Source: The Key Fund web site – thekeyfund.co.uk  Accessed 25.09.2016

A new blended grant and loan fund, the Key Fund package looks to secure sector deals in the £5,000 to £150,000 range. Applications are accepted from across the North and Midlands, with the Fund looking to realise 46 deals a year.

At a flat rate of 6.5% interest, the average loan term secured is expected to be three years.

Interested in business development on these terms, as a social/community enterprise.  See the links below…

Find a full copy/Press Release about the new fund here

Find a full grant/investment profile for the new Fund on-line here

Think Enterprise!

A new magazine, Think Enterprise, from the IOEE.

‘The Institute of Enterprise and Entrepreneurs has been over 15 years in the making and exists to make sure that all those involved in enterprise are able to access the support they need, when they need it’.

Whether your interest lies in tracking SFEDI Centres of Excellence or in developing apprenticeships and wider learning in business, then Think Enterprise has something of interest for you.

Be sure to check out pages 16 & 17, with their 2016 Enterprise Awards almost upon us, if only to read of the developmental success of others can in itself an inspiring and confidence building thing as you grow your own business, whatever sector you are in.

You can find the IOEE on-line here.

Finance Innovation – the film

The Finance Innovation Lab have just launched a short film that nicely encapsulates their work, featuring the collaborative, facilitative and encouragement of change aspects of their work.

  • The Finance Innovation Lab seeks to help create alternative business models in the the finance sector.
  • It is a movement for advocacy, promoting financial sectoral change to key actors.
  • They also work to effect ‘change from within’, campaigning for the re-alignment of finance professions to a more equitable and fair model.

The Lab web site has an inciteful article, written by Angela Clements, founder of Fair For You. It shows the journey that a finance sector principal can be driven to follow, when the inequity of access to mainstream credit, for example, makes even more difficult the life of an economically disenfranchised family.

If you’re a full-on corporate banker, do watch the fim and explore the Finance Innovation Lab web pages. You might even turn a corner yourself!

Starting your new social business in 2016?

Planning your new social enterprise in 2016?

The Key Fund have a range of on-line resources available for the budding social entrepreneur, or social enterprise that is leaning towards developing its business in 2016.

You can find some simple and effective Key Fund toolkits below. Whether needing to survey and assess your income needs as an individual, or a family unit, or to calculate various loan interests.

You can also find a template for creating your Social Enterprise Business Plan. This will guide you methodically and clearly through the steps you need to plan your governance, your policies and your operational delivery – all focused on social enterprise creation and sustainability.

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View, print or download your cashflow template here (MS Excel file).

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View, print or download your Business Plan template here (pdf file).

internetIconMini View, print or download your Loan Illustrator here (MS Excel file).

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View, print or download your personal survival budget template here (MS Docx file).

The Key Fund main web pages also have a more comprehensive and detailed set of resources available on the Fund Start-up Advice web centre (Courtesy of Start-up Donut). This offers you more insight and detailed resources for creating a new social business and has links to a variety of services and information that new groups or companies will find useful.

So, wherever you are on your social business journey in 2016, from first idea to seeking social investment, you can contact The Key Fund Team here.

A happy and enterprising 2016!

Nottingham – City of Social Business

ignitingsocialbusinessNottinghamLogostyle
See more details here…

The Dragons are coming to Nottingham. If you live in Nottingham and would like an opportunity to pitch your social business idea – then this is your chance.

We are holding the Social Finance Dragons Den style event at Waterstones in the city on May 14th, 2015. From 6pm to 9pm you can pitch to secure a  five hundred pound cash prize, and a nomination for the Royal Society of Arts, Manufactures and Commerce, The RSA.

internetIconMini  Discover the ‘Den’ on-line here.

‘The Social Business Dragons’ Den is part of the Building Enterprise project managed by Community Partnerships at the University of Nottingham and led by Roger Moors, CEO of SEEM and Jeanne Booth, Chair of the East Midlands Fellowship of the RSA’.

Want to pitch to the Dragons?

Have you got an idea for a social business to pitch to the Dragons? Here’s the rules:

  • You must be living in the city of Nottingham to pitch.
  • You must submit this form by May 11. We will use this information to select potential pitchers and we will let you know if you have a pitch space on 12th May.
  • You must also register your intention to pitch using this link.
  • Your pitch can be up to 3 minutes and no slides are allowed – it’s just you talking. You will be stopped when the bell goes at 3 minutes. The Dragons can ask you any questions for a further 7 minutes.
  • There are only 12 pitch places and priority will be given to those who attend a Pitch Perfect workshop – next one 11th May, see below for details…

internetIconMini  See full details and all booking links on the event web pages here


 

Pitch Perfect Event – 11th May 2015, 6.00pm to 9.00pm

Nottingham Writer’s Studio
25 Hockley
NG1 1FP Nottingham

This workshop will take you through the steps for preparing your pitch and equip you to present your ideas to different audiences. It will be invaluable for anyone who wants to practice their pitch and improve their chances of winning a prize at the Social Business ‘Dragon’s Den’ on 14th May.

internetIconMini  Book your free place now.


 

If you get to Pitch Perfect, then get the chance to broach the lair of the Dragons, we wish you all the luck you need! The SEEM Team.

Ethical business with a social dimension...
Ethical business with a social dimension…

Venturefest
East Midlands
April 14th, 2015

Venturefest East Midlands will take place on Tuesday 14 April 2015 at the East Midlands Conference Centre, Nottingham. There will be many opportunities to showcase achievements, network and build new business skills before the event, through activities and resources…including’:

  • Advice and support for all things business and innovation
  • Access and information about Open Innovation contracts throughout the East Midlands
  • Workshops on pitching to investors for investment ready businesses and entrepreneurs
  • Direct networking opportunities with the dedicated Venturefest app

Importantly for SEEM, we will be delivering the Social Business Hub offer, giving you insights into the Social Business sector.

As well as giving you a chance to meet and network with businesses already active in this emerging sector, The Hub can be instrumental in helping you to formulate your new social business idea, or to pivot an existing business strand into delivery on social terms.

The Hub will contain a variety of Social Business practitioners to share ideas with and seek support from, if required, including…

Arch Communications
Choice Unlimited
Food Freedom
Nottingham Social Impact Fund
Playworks
SmithMartin Partnership LLP

Join Roger and the SEEM team at Venturefest East Midlands. Call in on The Social Business Hub, take part in the workshop events and start exploring your new Social Business venture.

internetIconMiniYou can download the Venturefest app here. See you on the 14th…

Ethical business with a social dimension...
Ethical business with a social dimension…