Tag Archives: SEEM

£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

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NatWest SE100 awards showcase the best
of the UK’s social enterprise sector

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See more here…

£32k prize fund shared by top performing social businesses…

The NatWest SE100 Index has announced the winners of its 2015 awards. Five winners were chosen from 1120 social ventures listed on the NatWest SE100 Index in the UK. This year’s awards build a clear picture of a thriving social enterprise sector that is supporting economic growth in the UK and delivering positive social impact.

The 2015 winners demonstrate best business practice within the social sector, working to address some of the UK’s most acute social issues. This year’s winners are helping to get people from disadvantaged backgrounds back into work, sustaining the environment and revolutionising healthcare services for disabled children.

These inspiring organisations now share over £32,000 in prize money awarded today at Critical Mass, the event for social enterprise, in recognition of their work.

Growth champion £10k prize: The EBP – East Midlands

The EBP is a non-profit dedicated to developing the skills of young people through development and employment programmes. The EBP works to ensure its services provide young people with the opportunity to develop the skills that employers are looking for, striving to engage young people in work and society.

Impact champions share £10k prize:

FRC Group – North West

FRC Group runs three social businesses including furniture recycling and waste management projects. These produce financial profits and create a social dividend by giving people in poverty and unemployment the opportunity to change their lives.

Kelvin Valley Honey – Scotland

Kelvin Valley Honey works to sustain Scotland’s honey bee populations whilst contributing to the regeneration of disadvantaged communities through financing and supporting the development of beekeeping, creating employment for people housebound through disability and long term illnesses.

Trailblazing newcomer £5k prize: Andiamo – London

Andiamo works to meet the gap in demand and capacity that currently exists and is growing in the field of orthotics, printing 3D fully customised orthotics children with disabilities and long-term conditions.

Resilience award £5K prize: Five Lamps – North East

Five Lamps delivers an integrated range of inclusion services to transform the lives of individuals and their families from disadvantaged communities, by helping them to find work, start their own business, improve their finances and improve their aspirations.

Storyteller award £2.5k prize: Aduna – London

Aduna is an African-inspired health & beauty brand and social business working to create demand for under-utilised natural products from small-scale producers in Africa to create sustainable income – starting with the nutrient-dense superfoods Baobab and Moringa.

Marcelino Castrillo, Managing Director Business Banking, NatWest, who presented the Growth Champion Award, said: “I want to congratulate all this year’s winners, not just on their success in the awards, but on the profound social impact that they are having on our society. NatWest is proud to have supported the SE100 since the beginning and we are committed to unlocking and nurturing entrepreneurial talent through access to finance, markets and expertise.”

Rob Wilson, Minister for Civil Society who presented the Trailblazing Newcomer award said of the NatWest SE100: “Social enterprises occupy a crucial place in our society. These organisations help tackle social challenges while contributing to economic growth. The SE100 Index is an important benchmark for the sector and I would encourage all social enterprises to sign up so we can build a truly compassionate society.”

(If ever there was a great example of how diverse, dynamic and effective the social (enterprise) sector is in the UK, then look no further than these awards…Ed.)

internetIconMini  You can see the SE100 web site in full here…

Ethical business with a social dimension...
Ethical business with a social dimension…
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Buy Social this weekend?

This Saturday, 10th October 2015, is Social Saturday – spend your cash with a social enterprise and get some real ‘community multiplier effect‘ for your money!

‘In the UK alone, there are 70,000 social enterprises, contributing £18.5 billion to the UK economy and employing almost a million people. This exciting movement is growing fast all around the world and we’re seeing a boom in start-ups being launched that combine doing business with doing good’.  Source: Social Enterprise UK

At the Key Fund, research that shows that this confusion persists about what social enterprise is.  Although two thirds of us support the idea of social enterprise, only a fifth (21 per cent) knew what social enterprises were.

socialsaturday2015Button‘Simply, it’s about buying or using services from businesses that make a positive difference in our community or on the environment. Social enterprises reinvest their profits into furthering their social mission. They have to have good business models to be financially sustainable, so they don’t rely on grants or charity’. Source: The Key Fund

Key Fund is itself a social enterprise.  Matt Smith of the Key Fund, quoted in a recent article in The Guardian, speaking about the misconceptions about Social Enterprise in the UK stated ‘…what’s interesting is this misconception that social enterprise relies on grants or donations. We escaped a culture reliant on grants many years ago, and the main impetus of social enterprise is to ignite local economies, create jobs, and be profitable or at least sustainable in delivering their ethical aim.”

internetIconMini You can see this informative article from The Guardian in full here.

Invest in your community – buy from a Social Enterprise, not just this weekend, but every week if you can.

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Nottingham – City of Social Business

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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.

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The Ignite Roadshow
funding for your energy idea?

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Grow your energy idea…

If you are a UK based social enterprise, and bursting with good ideas, then this year’s Ignite Challenge could be just for you.

Do you have ideas that can be deployed, to enable the imaginative and efficient use of energy resources, which will contingently change people’s lives…then the Ignite Challenge 2015 is a ‘must look at’ for you?

‘We are looking for the brightest business ideas that use energy to make a difference in people’s lives’.

You can secure, if successful, between 50,000 Pounds to 2 million Pounds in order to make your idea a reality. The finalists will be asked to pitch their idea to a panel of energy industry and social enterprise experts during June 2015.

We wrote about last year’s Big Idea at Ignite. See how last year’s winners achieved sucess here. It may help you formulate this year’s winning entry.

You can find out more about the the 2015 Ignite Challenge here.

Download the application form and begin your energy journey here.

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Innovation in Business – how to do it?

There is a new course, just released on Future Learn, which teaches you the basics of business innovation in any environment. Future Learn offers free courses on-line, many of which can add certificated outcomes to your professional development learning.

The Social Business sector is all about innovation, in financing, in management and in operational delivery – all with strong social value and outcome in mind.

Innovation: The Key to Business Success can help you achieve these goals for yourself. Wherever you fit in your organisation.

‘Understand commercial innovation, how ideas emerge and become reality, with this free online course developed with Marks & Spencer’ – The University of Leeds.

The course starts in June 2015, plenty of time to subscribe for the course content and bring your innovation skills to the fore. See how to enrol here…


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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…

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