News

BOOST FOR MENTAL HEALTH SOCIAL ENTERPRISE

September 12th, 2017

Twining Enterprise wins support worth £485,000 from SBT

More people with mental health problems will get the help they need to keep their jobs or get into work as a result of new support for Twining Enterprise from Social Business Trust (SBT) announced today.

Twining, a leading provider of ‘back to work’ mental health advice and support services, has already grown rapidly over five years, with revenues more than doubling and beneficiaries tripling to over 2,000.

With SBT’s world-class business support and a cash grant, the London-based social enterprise aims to grow its beneficiaries by a further 70% over three years.

SBT’s help for Twining is overseen by Vineet Khurana, Chief Financial Officer at IBM UK & Ireland who supports them as their SBT ‘Investment Director’. He is assisted in that role by Jack Alcock, Investment Professional at Permira.

Support, tailored to meet Twining’s needs, will come from across SBT’s corporate partners. IBM has already started work to develop and deliver a management information system, whilst Thomson Reuters and Credit Suisse are set to help Twining strengthen its Finance and HR functions to prepare for growth.

EY will assist with developing Twining’s operating model and Clifford Chance will provide legal support. Twining will also receive match funding from SBT for a new Commercial Manager role to lead business development.

Adele Blakebrough MBE, SBT’s CEO said: “By supporting people with mental health needs to stay in, or secure work, Twining quite simply changes lives. We’re excited to be working with them to make that transformation possible for many more.”

Oli Jacobs, Twining’s Interim CEO said: “We are delighted to be partnering with Social Business Trust. Twining has grown rapidly over the past three years and, with SBT’s help, we will be able further evolve the effectiveness of our operations and the quality of support we can offer clients.”

“Their investment will also enable us to expand the depth and breadth of our reach across London and secure our position as London’s go-to organisation for employment support for those with mental health concerns.”

Twining was previously part of the SBT Design pre-investment programme.  It is the fourth social enterprise to progress from that to SBT’s main portfolio of social enterprises.

Mental health is a major concern in the UK: at any one time, one in four people of working age is likely to be experiencing some kind of mental distress or mental health problem.

The wider impacts of mental ill health result in around £26 billion each year in total economic and social costs to London.