News

RECORD YEAR FOR SOCIAL BUSINESS TRUST

November 7th, 2017

New report reveals a record amount of cash and in-kind support given by SBT last year to help great social enterprises grow

£3.1m-worth of cash and in-kind support was given by Social Business Trust (SBT) in 2016/17 to help outstanding social enterprises scale-up.

The total, including 6,400 hours of world-class volunteer business expertise from SBT’s corporate partners, is the most given in one year since SBT began in 2010.

The record is revealed in SBT’s new 2016/17 Impact Report, published today. It has been achieved through SBT working with its eight corporate partners: Bain & Company, British Gas, Clifford Chance, Credit Suisse, EY, IBM, Permira and Thomson Reuters.

Their assistance has helped our social enterprise portfolio to benefit a record number of people: a total of 615,000 beneficiaries over the period. Cumulatively 1,476,000 people have now been helped through SBT’s work in seven years.

Those 22 social enterprises work with some of the most disadvantaged people in society, including those in poverty, children struggling in education, people with mental health challenges and the isolated elderly. They include:

  • Hertfordshire Independent Living Service – which supports disabled, elderly and vulnerable people to live independently in their homes
  • London Early Years Foundation – providing high-quality care and education for young children, regardless of family income
  • User Voice – giving a voice to people in prison and on probation, increasing their chance of successful rehabilitation

With SBT’s support they have, on average, doubled the number of people they help in the first two years of working with SBT. The report also shares new data on the difference SBT makes to its social enterprise portfolio, finding that:

  • 100% find the professional support received through SBT is effective
  • 94% say SBT has contributed to their organisation’s progress in the last year

The data shows how SBT benefits its business volunteers too, revealing that:

  • 100% would like to volunteer again with SBT
  • 92% say their SBT volunteer experience has helped their professional development

Adele Blakebrough MBE, SBT’s CEO said: “It’s fantastic to see our work with corporate partners going from strength to strength and delivering more support than ever for our social enterprise portfolio in the last year.”

“SBT shows the power of collaboration between the best of business and the best of social enterprise. We’re delighted to have achieved record results last year and are excited for what is to come.”

Discover more in the new SBT 2016/17 Impact Report here.