Why social enterprise is like the olympics
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Transcript of Why social enterprise is like the olympics
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Social Enterprise
A busted flush or the next big thing?
Stephen McGarry@steviemcgarry
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Why social enterprise is like...
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Why social enterprise is like...
Focus on strengths Don't forget your
roots Funding is critical Do the right thing Measure
Don't get caught up in branding
Support Team & Leadership
Roll with the punches Small things matter -
‘Marginal Gains’ Compete or
cooperate
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Branding
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Support & Leadership
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Roll with the punches
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What are our strengths?
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Compete or Cooperate
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‘Marginal gains
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Don't forget your roots
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Funding is important
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Do the right thing
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Measure what you do
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Programmes of Support
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Social Economy Support
Programmes of Support: Social Enterprise
Support Networks & Linkages
Non-Social Enterprise specific
Community & Voluntary sector
Access to finance: Grant providers & trusts Ethical Lenders Social Entrepreneurs Innovative sourcing
Equity finance fundraising
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Social Economy Support
Social Entrepreneurship Programme Belfast City Council pre-enterprise
programme Social Economy Village Trade Social Non-Social Enterprise specific
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Social Entrepreneurship Programme (SEP)
NI wide initiative provided by Invest NI Blend of one to one mentoring and training
workshops 2 elements to the programme
Lead in or Enquiry Core – Start Up
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SEP – Core Support
Start Up stage – suitable for ideas which will generate more than £50k turnover annually within 2 years of start up
Business ideas should show growth potential Business planning: 3 year business plan and financial
projections Flexible finance package: provided by Invest NI/Lloyds
Foundation and UCIT Post start aftercare: tailored to your needs Menu of training: ‘staples’ and more unique
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Pre-enterprise support For Belfast based groups with little or no experience of
social economy structures or ethos
Workshops Best Practice Exchange 1:1 Mentoring support
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Pre-enterprise support - continued Pre-enterprise workshops Governance support 1:1 mentoring Best practice exchange – 3 visits and 1 day
work shadowing Final event and evaluation - involving other
support providers to the sector
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Social Economy Village
A Work West initiative to provide dedicated quality workspace for the social economy sector
Funded by the International Fund for Ireland and DETI through the Peace II Extension Programme
Officially opened in June 2009 9 offices available and 4 industrial units Quality room hire and meeting facilities available
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www.tradesocial.net@trade_social #societyprofits
Free profiles for NI social enterprises in Work West’s trade directory for the sector
Supports our ethos to “buy from within the sector” Funded by Lloyds TSB Foundation for NI and Strategic
Investment Board Officially launched in June 2008 Details of 266 social enterprises, and growing Regular E-Zine function – allows us to keep in touch with
profiled companies and stakeholders
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Other
Belfast City Council – Economic Development
NICVA School for Social
Enterprise @ UBS Invest NI (Innovation
Vouchers & Jobs Fund)
UnLtd – for Social Entrepreneurs
Business in the Community (ProHelp)
Volunteer Now FE & HE: work
placements & expertise
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Other2
www.governancehub.org.uk
CIPFA courses www.cipfa.org.uk
www.diycommitteeguide.org
www.clearlyso.com www.socialfirmsuk.co.uk
www.startups.co.uk www.halfbakery.com www.entrepreneur.com www.nibusinessinfo.co.uk www.hbr.org
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Access to Finance
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Grant providers & trusts
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Ethical Lenders
Ulster Community Investment Trust Big Issue Invest
Charity Bank Tridos & Unity Trust Bank & Cooperative
Bank Esmee Fairbairn Foundation Social Investment Fund
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Innovative finance
Equity finance Afforded under ‘new’ CIC status
Capped returns Fundraising
Increasing ‘philanthropy’?! “Buy a Brick” Instagiv / MyCharity / JustGiving Crowdsourcing Grant Tracker & J4B
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Contact usStephen McGarryWork West301 Glen RoadBelfast BT11 8BUTel: 028 [email protected]
www.workwest.co.ukwww.tradesocial.net