Liverpool based social business kicks off the new year with £800,000 secured investment

CAPACITY: THE PUBLIC SERVICES LAB WAS CO-FOUNDED BY AMBERSIDE ADVISORS

 

There’s cause for celebration as Capacity: The Public Services Lab enters its third year with £800,000 of investment secured from social investors Big Society Capital. The additional investment signifies clear intent from Big Society Capital who initially backed the organisation following its success in the Business Impact Challenge in 2015.

Christine Chang, Deputy Chief Investment Officer, Big Society Capital, commented:

In a short space of time, we have seen Capacity: The Public Services Lab go from strength to strength. Since our first investment in early 2017 Capacity has begun to make progress in altering perceptions of the way public services should be delivered. Capacity is building the credibility of the voluntary, community and social enterprise sector as providers of public services with social investment. We look forward to seeing the outcomes from the next stage of their development.”

Founded by partners Catch 22, Interserve PLC, Big Society Capital and Amberside Advisors, Capacity: The Public Services Lab exists to help community-based organisations to deliver public services which provide freedom to frontline workers, bringing together the best of the private, public and charity sector to produce better outcomes for communities.

The organisation will use the funding to expand incubator and accelerator services for community organisations. It will give them the flexibility to recruit staffing resource ahead of growth and to invest in joint venture partnerships with social enterprises and charities.

Capacity Chief Executive, Chris Catterall said, “I am delighted we have successfully navigated our initial start-up period and that Big Society Capital has agreed to support us during the next stage of our development. Since its inception, Capacity has secured £38m of contracted income and investment for charities and social enterprises and this additional investment from Big Society Capital will allow us to continue to do that at scale.”

He continues, “Capacity will continue to help community organisations to secure funding and help reform public services, through our recently awarded contract with Wirral Metropolitan Borough Council to re-design Childrens’ Services Early Help and our work with GPs re-imagining and re-organising primary care on Merseyside.”

Notes:

About Amberside Advisors

Amberside Advisors Ltd are one of the founding members of Capacity. AAL is a corporate finance practice with a track record in advising projects that involve public, private and third sector bodies. Amberside are represented on the Board of Capacity by Neil Rutledge FCA.

http://www.amberside.uk

 

About Big Society Capital

Big Society Capital improves the lives of people in the UK by connecting social investment to charities and social enterprises. We know that investment can help charities and social enterprises achieve more. We believe the greatest chance to improve lives comes when investors and enterprises are both motivated by social mission.

We engage with investors, fund managers, charities and social enterprises to make it easier to use social investment. With our co-investors, we have made over £1.3 billion of new capital available to organisations with a social mission, through investments into fund managers and social banks. We have a special focus on: providing homes for people in need; strengthening communities; and early action to prevent problems.

http://www.bigsocietycapital.com

 

About Catch22

Catch22 is a social business, a not for profit business with a social mission. For over 200 years we have designed and delivered services that build resilience and aspiration in people and communities.

Our 1600 colleagues work at every stage of the social welfare cycle, supporting 44,000 individuals from cradle to career. Today we deliver children’s social care, alternative education, apprenticeships and employability programmes, justice and rehabilitation services (in prisons and in the community), gangs intervention work, emotional wellbeing and substance misuse programmes.

http://www.catch-22.org.uk

 

About Interserve

Interserve is one of the world’s foremost support services and construction companies. Our vision is to redefine the future for people and places. Everything we do is shaped by our core values. We are a successful, growing, international business: a leader in innovative and sustainable outcomes for our clients and a great place to work for our people. We offer advice, design, construction, equipment, facilities management and frontline public services. We are headquartered in the UK and listed in the FTSE. We have gross revenues of £3.7 billion and a workforce of circa 80,000 people worldwide.

http://www.interserve.com