why social enterprise is like the olympics

Social Enterprise

A busted flush or the next big thing?

Stephen McGarry@steviemcgarry

Why social enterprise is like...

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

Branding

Support & Leadership

Roll with the punches

What are our strengths?

Compete or Cooperate

‘Marginal gains

Don't forget your roots

Funding is important

Do the right thing

Measure what you do

Programmes of Support

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

Social Economy Support

Social Entrepreneurship Programme Belfast City Council pre-enterprise

programme Social Economy Village Trade Social Non-Social Enterprise specific

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

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

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

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

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

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

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

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

Access to Finance

Grant providers & trusts

Ethical Lenders

Ulster Community Investment Trust Big Issue Invest

Charity Bank Tridos & Unity Trust Bank & Cooperative

Bank Esmee Fairbairn Foundation Social Investment Fund

Innovative finance

Equity finance Afforded under ‘new’ CIC status

Capped returns Fundraising

Increasing ‘philanthropy’?! “Buy a Brick” Instagiv / MyCharity / JustGiving Crowdsourcing Grant Tracker & J4B

Contact usStephen McGarryWork West301 Glen RoadBelfast BT11 8BUTel: 028 90610826s.mcgarry@workwest.co.uk

www.workwest.co.ukwww.tradesocial.net