Children’s communications charity I CAN has won business support worth £515,000 from Social Business Trust (SBT) to help it achieve its aim of tripling the number of children it supports by 2019/20.
I CAN will receive a cash grant from Social Business Trust (SBT) to match fund recruitment of a commercial manager, along with a package of business support, tailored to meet the specific needs of the charity.
Other SBT partners involved include consultants Bain & Company, British Gas, professional services firm EY and information experts Thomson Reuters with additional legal and IT support from Clifford Chance and IBM. The support will be overseen by a investment professional from global investment firm Permira, Riccardo Basile, who will take the role of I CAN’s SBT investment director.
The support will include reviews of product pricing and the tutor delivery model used to provide services to schools, as well as advice in designing and implementing the best structure for the growing organisation.
Over the past four years I CAN has developed a social enterprise that trains licensees to deliver its evidenced-based programmes, interventions and accreditation in a financially sustainable way. It currently supports 32,000 children a year and is aiming to extend this to supporting 100,000.
Social Business Trust provides organisations with a package of professional business support and targeted grant funding designed to strengthen their capacity to grow.
Charities and social enterprises interested in receiving support from SBT must have the potential to grow to national scale or significance, and have annual revenues greater than £1 million (or be on track to achieve that in 18 months), including a significant proportion of earned income not from donations or grants. More information is available on the SBT site.
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