Harrogate Skills 4 Living Centre has recently became the first social enterprise in the country to benefit from the Social and Sustainable Capital Community Investment Fund.The Fund, invests between £250,000 and £1m in community based, locally led organisations providing essential support and services to improve the well-being of local residents, developing the local economy and creating positive social change for all individuals in the community. The Fund aims to improve the quality of life of local individuals, particularly those who are vulnerable and disadvantaged, and to enhance community engagement and cohesion by empowering people to develop locally-determined solutions to challenges and opportunities.
Stephanie Meikle, CEO, says that the finance has already had a significant impact:
“The investment enabled us to save the care home from closure or massive change, cocooning the 13 learning disabled residents from any upheaval and protecting their home. It will significantly improve and sustain our social offer, which in turn will protect our core day skills based services for vulnerable adults.”
It has taken courage and a great deal of commitment to take on this investment but it has been worth it all. Brackenley is a lovely place for our beneficiaries to live and we look forward to helping people who live there to fulfil their potential, earning, learning and living in a supportive community.
“This scale of investment would not have been available to us via high street banks. Access to finance on this scale has been liberating for us, enabling us to expand our business, to extend the benefit we provide to vulnerable people and to grow despite a shrinking social care market.”