‘A Time of Change’ West Wales 3rd Sector Conference 2019 21 February – Newcastle Emlyn RFC

Ways to boost your income & trading potential Esther Price Social Business Wales 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

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

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

Ways to boost your income & trading potential

Social Business Wales A need to become financially sustainable… Why: Shrinking budgets Political change (s) Greater competition for grant funding Public funding is being reduced & public sector organisations commissioning services via contracts A need to become financially sustainable…

Hidden Assets

Trading

Diversify what you deliver

Delivering contracts

Consortium development

Some client case studies…

Enriching lives in Merthyr through the arts Busnes Cymdeithasol Cymru Social Business Wales /businesswales.gov.wales/socialbusinesswales Theatr Soar Enriching lives in Merthyr through the arts Following the unprecedented success of its chapel renovation project, Canolfan Soar became a company limited by guarantee and reopened in 2011 with its flagship Theatr Soar The centre’s main income comes from theatre and dance group bookings, music lessons and community groups interested in exploring the Welsh language and local culture.

Busnes Cymdeithasol Cymru Social Business Wales /businesswales.gov.wales/socialbusinesswales Ail Gyfle-Second Chance Engaging ex-offenders to improve their employability Works in partnership with the Wales Community Rehabilitation Centre to improve individuals’ self-esteem, skills base and employability. It does this through involvement in a green social enterprise which creates and sells innovative home and garden products from discarded items in a supported learning environment.

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 An award wining social business based in the Gower (Swansea). Based in the Gower, Down to Earth has been delivering training & development programmes for ten years and is fast growing a reputation as an example of best practice for working with people living in challenging circumstances. It has successfully developed and implemented a plan to commercialise its services and also secured a number of public sector contracts. SBW has been involved in supporting this organisation within the following areas: Governance; advice and support re setting up a trading arm to deliver some of their business /commercial activities. Governance review & future planning Advice re company compliance Business growth planning Marketing

Social Business Wales How we can help: Visioning & Growth planning – Income Diversification Governance – is it ‘fit for purpose’? Setting up a Trading Arm Business & Financial Planning Marketing & Sales Consortium set up & Development Peer-to-peer Mentoring Independent Valuations

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 A potential client must demonstrate: Evidence/viability of the business growth plans Key stakeholders/personnel within the organisation have the appropriate skills/competencies to help deliver the growth plans. The trading activity i.e. the service s and or products are clearly defined and that there is a viable market for them The organisation can demonstrate that it has at a strategic and operational level the ability to deliver the business growth development/expansion plans. The business has clearly defined social objectives which includes determining how the profits generated by the business activity will be used to support the organisations’ social objectives.

Potential Referral Points Non eligible clients could be referred to: Business Wales Local CVC’s (CAVS, PAVS, CAVO) Local Authorities On-line resources

Partnership Working Strong links 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

West Wales Business Advisor Team Esther Price (Carmarthenshire) esther.price@wales.coop Sarah Owens (Pembrokeshire & South Ceredigion) sarah.owens@wales.coop Nick Wilson (North Ceredigion, South Gwynedd & North Powys) nick.wilson@wales.coop Carl Gough (Swansea & Neath Port Talbot) carl.gough@wales.coop

Request Support Telephone 03000 6 03000 E-mail sbwenquiries@wales.coop Here are the contacts details for getting in touch to find out more about Social Business Wales , the support that is available and how we might be able to help you with the business growth developments.

Remember… ‘It’s not how good you are, it’s how good you want to be’ & ‘There’s no short cuts to any place worth going’

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