December 6th, 2018

Time Credits social enterprise gets SBT help to plan for growth

Supporting and strengthening disconnected communities by encouraging volunteering is the goal of Tempo, which has won support from Social Business Trust (SBT) to grow its work.

Tempo works in partnership with local authorities, Clinical Commissioning Groups and others to deliver Time Credits programmes. Their programmes extend across communities and make volunteering more accessible so that people of all ages and backgrounds can participate.

This includes working with services supporting individuals at risk of isolation or recovering from addiction. Through contributing their time to the community, individuals earn Time Credits, which enable them to access positive activities, such as visits to the cinema, gym and leisure facilities, or local & national attractions.

Now SBT is helping Tempo through its SBT Design programme, in which ambitious, established social enterprises get hands-on support to plan and prepare for their next phase of growth. It is backed by SBT’s world-class corporate partners: Bain & Company, Clifford Chance, EY, Permira, Permira Debt Managers and Thomson Reuters.

Elizabeth Oxborrow, a Manager from EY’s People Advisory Services will lead Tempo through SBT Design. She is currently on secondment to SBT as a Portfolio Manager.

Ian Merrill, CEO of Tempo said: “’We’re excited to have SBT’s support as we scale-up and help to strengthen more communities. Around half of the people earning Time Credits each year are new to volunteering, and overall many people earning & spending Time Credits experience real health & well-being benefits.  With SBT’s support, we aim to extend that impact across the UK.”

Adele Blakebrough MBE, CEO of SBT said: “Tempo is already having a positive impact on communities across the country from Cornwall to Blackpool.  We’re pleased to be working with them to get set for further growth and ultimately help many thousands more people enhance their lives through volunteering.”

Tempo began a decade ago by providing support to ex-mining communities in Wales. Since then, more than 50,000 people have earned over 700,000 Time Credits across the UK. In 2018, 83% of people earning and spending Time Credits reported improved quality of life, citing better health, wellbeing, friendships and opportunities as reasons for this.