SIB Big Potential and Breakthrough Grants – Case Study Presentation By Louise Mckiernan
Introduction to DRC What We Do Legal Status Current Market Considerations Strengths Improving sustainability and scale
Our Strategy For Growth To secure additional public sector contracts in more areas of the UK to deliver more services to disabled people - free at the point of delivery To launch new commercial trading products and services to disabled people - and a wider market – chargeable at the point of delivery
New HELP! At Home Service Market opportunity Service offering Research and Business Planning Bringing the service to market Loan Investment
Social Investment Ready ? Not quite ! Organisational and cultural shift Build new 5-year financial model Systems and controls development Improved understanding of new markets we wanted to penetrate Understand the social impact
Our Experience of the SIB Big Potential Opportunity Selecting SIB approved Provider Initial Diagnostic Tool Telephone Interview Full application Grant Award Getting on with the delivery Interim and End of Grant reports
How the Grant Has Helped Our Business Robust 5-year financial modelling system now in place to meet commercial needs Greater understanding of our social investment needs going forwards Improved knowledge about commercial markets and our USP Pilot and review Help at Home Service Able to demonstrate social impact
Social Investment Ready ? Yes ! Fully operational Help at Home service ready to scale up Clear social investment requirement Social impact reporting in place
Our Experience of the SIB Breakthrough Opportunity Applied for a small follow-up grant for support to help us secure loan finance Worked with the same SIB approved Provider Same grant application and award process with interim and end of grant reports required. Loan finance now secured !
Thank You For Listening Disability Resource Centre Head Office 4th Floor, Lyndon House, 58-62 Hagley Road, Birmingham B16 8PE Information Health and Wellbeing Centre Unit 18, ACE Business Park, Mackadown Lane, Kitts Green, Birmingham B33 0LD Voice: 030 30 40 20 40 Email: drc@disability.co.uk Internet: www.disability.co.uk