News

NEW SUPPORT FOR THE CHALLENGE

October 23rd, 2018

SBT awards major in-kind support package to high-impact social enterprise

Helping 57,000 young people a year by 2020 is the goal of The Challenge, which has been granted a new package of support by Social Business Trust (SBT).

The Challenge has already, with SBT’s involvement, become the UK’s leading social integration charity and the largest provider of the government’s National Citizen Service for young people. It has grown remarkably from being a new charity in 2009 with 150 beneficiaries to working with 47,000 young people last year. Now, with SBT’s help, it aims to increase that.

The new package of up to 105 days of world-class business support includes help with change management, provision of expert advice to reduce procurement costs and extensive technology assistance to develop a new IT strategy.

Most of SBT’s corporate partners have been deeply involved in helping The Challenge since 2011, when it first secured support. Since then, through SBT, The Challenge has already received business expertise with an estimated commercial value of over £2.5 million.

This includes: Permira giving on-going business advice; Bain & Company leading strategy projects; Clifford Chance providing legal support; EY conducting market analysis; and Thomson Reuters providing guidance on bidding for government contracts.

Oliver Lee OBE, CEO of The Challenge, said: “We are enormously grateful for what SBT has done for The Challenge over the years. For us now to get this additional package of business support will make a world of difference. Quite simply, The Challenge would not be where it is today without all that SBT has done on our behalf and we are hugely thankful for its continued backing.”

Adele Blakebrough MBE, CEO of SBT said: “The Challenge is a phenomenal success story and its work has an incredible positive impact on young people and communities across the country. With so many issues dividing our nation, it is playing a vital role in bringing diverse young people together and enabling them to understand each other better.”

“It’s wonderful to see how our business experts have helped The Challenge to grow and to know that we can continue to support the scaling-up of their work in such a fruitful way.”