OUR DIFFERENCE

One Million People Helped
See how SBT helps social enterprises grow

IMPACT
REPORT 2015/16

OUR PARTNERS

Bain & Company
British Gas
Clifford Chance
Credit Suisse
EY
IBM
Permira
Thomson Reuters

OUR APPROACH

SBT’s mission is to support high growth potential social enterprises to scale-up their impact. We do that by investing cash grants and professional support from our eight partner organisations in a carefully selected portfolio of social enterprises.

Since 2010 we have positively impacted the lives of one million people, providing £12.3 million worth of cash and in-kind assistance, including 25,000 hours of high-quality business support.

Our programmes

We work with established social businesses with revenues of c.£1 million or more that have strong growth potential. Our aim is to help develop a number of social enterprises to national scale or significance.

Currently we work with 11 social enterprises, selected from reviews of over 900, tackling social problems including educational disadvantage and elderly care. A further four great social enterprises are in our new SBT Design programme, getting support to create a plan for growth.

Our story

Social Business Trust was started in 2010 by Damon Buffini, founding partner of Permira, the global investment fund and Adele Blakebrough MBE, a leading social entrepreneur.

They share a belief in the importance of social enterprise in addressing society's problems and in the benefits that working in partnership with business can deliver.

DAMON BUFFINI

SBT Co-Founder, Former Chair and Managing Partner, Permira

"What excites me is seeing the difference we can make to thousands of lives by using our everyday business skills to help social enterprises grow. It’s great to see that happen on a large scale across SBT’s business partners and to know their employees find it incredibly rewarding too."

CHAIR, INVESTMENT COMMITTEE & BOARD OF TRUSTEES

ADELE BLAKEBROUGH MBE

CEO and Co-Founder

Before setting up SBT Adele was co-founder and CEO of CAN, a leading UK organisation for the development and promotion of social entrepreneurs. Adele was also CEO of the nationally renowned Kaleidoscope project, working with 350 heroin users daily. She is a member of Nesta’s Centre for Social Action Innovation advisory board and a director of Impact International.

STAFF

ANNA TEE

Portfolio Director

Anna is responsible for supporting our investees as they grow into world-class social enterprises and securing the right assistance from our corporate partners to make that happen. Previously Anna worked in retail for 15 years holding senior finance and commercial roles at J Sainsbury plc and John Lewis plc.

Staff

ROWENA WEBSTER

Director of External Affairs

Rowena drives awareness of SBT and our model for change. Previously she worked as a national newspaper journalist and news editor, was Director of Communications, Campaigns and Community Action at Mencap, Head of Strategy for BBC Radio and Project Director for the new Institute of Corporate Responsibility and Sustainability.

STAFF

LIBBY DANGOOR

Portfolio Director (on maternity leave)

Libby is responsible for supporting our investees as they grow into world-class social enterprises and securing the right assistance from our corporate partners to make that happen. Previously, Libby worked as a consultant at Bain & Company in London and completed the BP Commercial Graduate Programme.

STAFF

CHLOE SUROWIEC-ALLISON

Head of Portfolio and Partnerships

Chloe is responsible for supporting our investees as they grow into world-class social enterprises and securing the right assistance from our corporate partners to make that happen. Previously Chloe worked for Teach First, where she led the accelerator programme for a small portfolio of fast growing education social enterprises to begin their journey to national scale.

STAFF

KIRSTY CARR

Investment Manager

Kirsty is an Investment Manager, responsible for identifying social enterprises with high growth potential that are eligible for investment. She is on secondment from EY where she works as a Senior Manager in the International Tax Services team responsible for providing international corporate tax advice to multinational companies.

SECONDEE

DEE KESHWARA

Investment Manager

Dee is an Investment Manager, responsible for identifying social enterprises with high growth potential that are eligible for investment. He is on secondment from British Gas where he is a Senior Project Manager. He has in-depth experience of the retail and utilities industries from over 8 years with organisations including Tesco and nPower.

SECONDEE

RACHEL GODDARD

Operations Manager

Rachel manages Social Business Trust's operations. She was previously Office Manager for a PR consultancy, responsible for facilities management, finance and events administration. Before that she worked for many years in event planning and administration for a corporate events company in the City.

STAFF

JAMES HADLEY

Partner, Bain & Company

"Sustainable growth is hard for any business and particularly for social enterprises. But when they succeed the social impact can be extraordinary. That's why it's so rewarding for me and my Bain colleagues to use our professional experience to help them scale."

Investment Committee

STUART ROLLAND

Managing Director, British Gas Business

"I have long been hugely impressed by the business model of SBT because it leverages business skills to help in the community - sustainably. This adds a highly motivating sense of 'Doing the Right Thing' alongside working for the benefit of our customers and shareholders."

INVESTMENT COMMITTEE

JONNY MYERS

Partner, Clifford Chance

“Social enterprises rarely understand at the start what professional services can do for them but once they do, they really do. Nothing is more rewarding than helping social entrepreneurs achieve their goals.”

Investment Committee and Trustee

RUSSELL CHAMBERS

Senior Adviser, Credit Suisse

“Most of what we do in a charitable sense involves employees helping to raise money for our designated charities. Social Business Trust has taken us to a different level because it’s given us the opportunity to involve employees genuinely with the social enterprises that we’re backing."

INVESTMENT COMMITTEE

STEVE VARLEY

Chairman and Managing Partner EY UK&I

"SBT provides an opportunity to use my skills, and the skills of all of EY, alongside other companies to make a huge positive impact on the UK’s highest potential social enterprises. That’s why we value our relationship with SBT so highly."

Investment Committee

PAUL ARMSTRONG

Prinicpal, Permira

"What makes SBT so special? To us, it’s the absolute focus on quality engagement, providing outstanding support for social enterprises and a first-class development experience for my colleagues and me to work with fast growth, high impact social businesses and use our professional skills to help them make a real difference. In all, it’s one of the most rewarding and enjoyable parts of my life."

Investment Committee and Trustee

JAN-COOS GEESINK

Managing Director, Financial & Risk, Thomson Reuters

"I am excited to be part of the SBT team and it’s very rewarding to be in a position to make a meaningful contribution to social enterprises in the UK. For Thomson Reuters’ employees being involved in SBT is a fantastic way of using their personal and business experience to help social enterprises to scale-up in order to maximise the positive impact they make.”

Investment Committee

TIM CURRY

Former Partner, EY

"People think that my involvement with SBT is all about altruism and giving something back. It’s not. I get at least as much as I give and it’s a privilege to be able to work with smart, committed people on things that really matter."

TRUSTEE

GUY DAVIES

Former Partner, Permira

"SBT is involved with real businesses with potential, looking to grow and facing many of the same issues as in the private sector. The teams are full of high quality people with genuinely inspiring social aims - and they are really appreciative of the help we give. It’s great to be part of that."

TRUSTEE

SIMON MILTON

Founder, Pulse Brands

"There is nothing more purposeful than these extraordinary social entrepreneurs trying to address some of the most challenging social issues facing society. They are brave, inspiring and brilliant. But they are often also new to building and scaling a business. What can we do if we bring some of the most brilliant commercial organisations together and help? That is why we set up SBT."

TRUSTEE

OUR APPROACH

SBT’s mission is to support high growth potential social enterprises to scale-up their impact.  We do that by investing cash grants and professional support from our eight partner organisations in a carefully selected portfolio of social enterprises.

Since 2010 we have positively impacted the lives of one million people, providing £12.3 million worth of cash and in-kind assistance, including 25,000 hours of high-quality business support.

Our focus is 100% on building the internal capacity & capabilities of social enterprises, which we believe is the key to unlocking their growth and ensuring many more people can benefit from their services.

Social entrepreneurs are less likely than for-profit entrepreneurs to invest in themselves and their organisations, as they are entirely focused on making sure everything possible reaches the front-line and their beneficiaries.

Traditional grant funding regimes compound this issue: most of that funding is earmarked for programme delivery and only a small percentage is allowed to cover core costs.

Our approach is different: we invest targeted cash grants and business expertise from our corporate partners in the core of those organisations, building their capacity so they can grow themselves without the need for continued grant funding.

OUR PROGRAMMES

 

We work with established social businesses with revenues of c.£1 million or more that have strong growth potential. Our aim is to help develop a number of social enterprises to national scale or significance.

Currently we work with a portfolio of 11 social enterprises, selected from reviews of over 900, tackling social problems including educational disadvantage, mental health and elderly care. All receive a tailored package of targeted cash grants and business expertise, sourced from our corporate partners, to support their growth.

A further four great social enterprises are in our new SBT Design programme, getting hands-on support for up to 18 months to create a business plan for sustainable growth. That plan may be the basis for further support from SBT – our packages of cash grants and business expertise can be worth over £2 million – or enable them to approach other social investors.

OUR STORY

Social Business Trust was started in 2010 by Damon Buffini, founding partner of Permira, the global investment fund and Adele Blakebrough MBE, a leading social entrepreneur.

They share a belief in the importance of social enterprise in addressing society’s problems and in the benefits that working in partnership with business can deliver.

Blakebrough identified the challenges social enterprises can face in growing revenues beyond around £1 million. A major issue was the lack of expert business support to help social businesses grow.

Their goal was to find those social enterprises with a compelling mission, scalable model, strong management and ambition to expand and help them achieve their goals.

Buffini and Blakebrough had previously set up Breakthrough, an initiative from Permira to provide targeted cash grants and hands-on business support to social enterprises.

This went so well that they decided to use the model to create something with even greater impact. The result was Social Business Trust, bringing together a group of major companies to work together in supporting high-growth potential social enterprises to scale-up.

 

OUR PARTNERS

Bain & Company is a leading global business consulting firm.

British Gas is Britain’s leading energy supplier and energy services company.

Clifford Chance is one of the world’s pre-eminent law firms.

Credit Suisse is one of the world’s leading financial services providers.

EY is a global leader in assurance, tax, transaction and advisory services.

IBM is a global business and technology leader, innovating in research and development.

Permira is a global investment firm that finds and backs successful businesses with ambition.

Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals.

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