Social Business Trust (SBT) is thrilled to announce renewed investment support for Hertfordshire Independent Living Service (HILS). SBT agreed a major package of expertise and grant funding to help HILS expand and transform digitally, so they can broaden their impact. HILS have been serving meals to older and vulnerable adults in their homes since 2007. Since, then they have grown to deliver additional services to help their clients stay happy, healthy and independent. These include dementia fun clubs and advice on nutrition and well-being.
In 2015, HILS were awarded investment from SBT for the first time and have sustainably grown with the support of the corporate partners since. Bain, EY, Refinitiv and Thomson Reuters have all provided in-kind support, with Fred Burger, EY taking on the role of Investment Director from 2017. Their proven growth since investment in 2015 has made them one of the most successful SBT investments to date.
In March 2020, HILS came back to SBT’s Committee with solid plans for growth and digital transformation, resulting in investment package of world-class professional support and a £50k grant. Fred Burger, EY, who remains Investment Director, presented their success over the years and new plans for expansion and digital intentions. The plans include codifying the operating model to support geographic expansion, reviewing what is working elsewhere for inspiration, finance support, training and funding the IT Manager responsible for managing the digital projects.
HILS has, with the support of SBT’s corporate partners, grown from 5,000 beneficiaries in 2015 to 15,000 in 2019. In 2019 alone, HILS delivered 518,000 meals to at-risk individuals in their home and in lunch club settings, across Hertfordshire.
Fred Burger said, ‘We are delighted with the reinvestment from Social Business Trust. The HILS potential for growth is huge and the support will allow them to not only expand and transform digitally, but most importantly – broaden their impact’.
Adele Blakebrough CEO of SBT, said, ‘It is wonderful to see that a social enterprise we invested in 5 years ago has enjoyed steady growth and will be able to further scale-up with the support of our world-class corporate partners’.
The bulk of the delivery for HILS will come from EY, Permira and Refinitiv over two years, with further support provided across the SBT corporate partners, Charles Russell Speechlys, Clifford Chance, Getronics, Permira Debt Managers, Thomson Reuters.