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

2. 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.
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3. 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.

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

5. 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

6. Social Business Wales
One to One Support
Market Development Support

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

8. 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

9. 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

10. 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

11. Web Based Support http://business.wales.gov.uk/socialbusinesswales/

12. Some client case studies

13. 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

14. 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

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

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

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

18. 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

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