Social Business Wales Carmarthenshire Third Sector Forum Tuesday, 22 May 2018 Esther Price - West Wales Business Advisor

Social Business Wales is funded by the European Regional Development Fund and Welsh Government. Delivered by the Wales Co-operative Centre, it is part of the Business Wales service. Do not alter or amend this slide in any way

Two key areas of work Enterprise We will be an important engine for Wales’s economic growth by providing a comprehensive range of services to co-operatives, mutuals social enterprises and employee owned businesses. Communities We will develop and implement co-operative solutions to strengthen communities and promote inclusion.

Social Business Wales Will provide growth support to social businesses across Wales including: Co-operatives Mutuals Social Enterprises Employee Owned Businesses

Social Business Wales 5 year operation (2015 - 2020) £11.2m Operation Funded by: European Structural Funds ERDF WG Department for Economy & Infrastructure WG Targeted Match Funding

Social Business Wales One to One Support Market Development Support

Social Business Wales Eligible Businesses must be looking to grow and fit one of the growth principles: Expansion Diversification Collaboration Transformation

Social Business Wales Expansion - Expanding existing provision by scaling up for example offering an existing or improved product to a known market or new market Diversification - Developing a new product for a known market or a new market Collaboration - Collaborating with other business to access larger market opportunities Transformation - Transforming a traditionally owned business to an employee ownership model

One to One Support Visioning and growth planning Business planning Stakeholder engagement with existing employees Legal structure advice and incorporation Support the workforce to negotiate with the exiting owner Board development and support to manage any potential conflict of interest of employee directors Business planning Financial planning Independent valuations Develop legal heads of terms Sales strategy and marketing Tax and VAT advice Recruitment and HR

Social Business Wales Criteria for support will include:   Identified growth aspirations are in place and viable business proposal Identified key stakeholders to deliver these growth aspirations are in place Jobs will be created as a result of the support within 2 years Identified distinct trading activity Capacity and skill to deliver Identified clear social objectives

Web Based Support http://business.wales.gov.uk/socialbusinesswales/ http://www.walescooperative.org/ http://business.wales.gov.uk/

Some client case studies

Practical hands on sustainability training Busnes Cymdeithasol Cymru Social Business Wales /businesswales.gov.wales/socialbusinesswales Down to Earth Project Practical hands on sustainability training Built an excellent reputation for working with people living in challenging circumstances via nature, construction and the outdoors. Over 200 beneficiaries per year across the project Upskilling 500 people a year from disadvantaged backgrounds Working on the construction of a second site in the Gower, with plans to develop a new programme for commercial organisations

UK and Welsh Social Enterprise of the Year 2015 Busnes Cymdeithasol Cymru Social Business Wales /businesswales.gov.wales/socialbusinesswales Vi-Ability UK and Welsh Social Enterprise of the Year 2015 £1 million a year turnover Increased income by over 70% in 2015 Grown capacity from 3 to 16 full time members of staff Expanded into London, Europe and India 84% of learners go on to secure sustainable employment

Social Business Wales West Wales Team: Carl Gough (Swansea & Neath/Port Talbot) Sarah Owens (Pembrokeshire & South Ceredigion) Esther Price (Carmarthenshire)

Request Support Telephone 03000 6 03000 E-mail sbwenquiries@wales.coop

Potential Referral Points Non eligible clients could be referred to: Business Wales Local CVCs LA’s On-line resources

Partnership Working Strong links will be made with: WCVA Community Investment Fund Charity Bank Unity Trust Co-operative and Community Finance Social Firms Wales Development Trust Association Community Housing Cymru Local Authorities

Cwestiynau/ Questions? Diolch am eich amser Thank you for your time