Your Business March 2020 - 42

YO U R B U S I N E S S _ A DV E R T I S E M E N T F E AT U R E

Business
with purpose
Social entrepreneurs can get help to
fund their companies from UnLtd,
as Anny Ma explains

U

K businesses are increasingly
marrying social impact with
proﬁt, with more than 100,000
social enterprises together
contributing £60bn to the UK's GDP.
It seems customers clearly value a
purposeful business approach: 52% of
UK social enterprises grew turnover in
the last 12 months, compared with 34%
of SMEs, and outperformed the private
sector in diversity, representation,
innovation and staﬀ satisfaction.
Social entrepreneurs present timely,
impactful and proﬁtable solutions as the
UK is challenged by rising loneliness, an
ageing society, a fragile health/social care
system, record levels of homelessness
and barriers to employment.
At UnLtd we ﬁnd, fund, and support
social entrepreneurs to start or scale,
creating proﬁts with social impact.
In addition to the £1.9m we granted
and £1m we invested in 2018/19,

YB2020 UnLtd DPS _F.indd 42

we oﬀer a vital wraparound service
of frontline one-to-one support.
"Our approach recognises and realises
people's potential to become high-impact
social entrepreneurs," says UnLtd's
CEO, Mark Norbury. "Through ﬂexible,
tailored business support, funding and
investment, we enable individuals to
tackle social issues with bold solutions.
Every day we support entrepreneurs to
deliver the UK we all want to live in."

Increase social impact

Whether it's ﬁnding routes to market,
coaching, evidencing impact, access to
capital or pro-bono advice, we provide
the support social entrepreneurs
need. On UnLtd's ﬁrst accelerator, the
average growth of the 120 ventures
was 162% over two years and 93% were
still going strong after ﬁve years.
One of the accelerator's ﬁrst
participants, Cemal Ezel, is CEO and

founder of coﬀee chain Change Please.
By training homeless people as baristas,
the company creates employment
opportunities, housing support and
empowerment through the conﬁdence
to be seen, supported and believed.
Ezel has transformed the lives of
more than 175 people since launching
Change Please, tracking towards their
goal to be the UK's fourth-largest coﬀee
chain - it is currently sold in Sainsbury's
supermarkets, on Virgin Trains/Virgin
Atlantic and in oﬃces such UBS.
"You can run a business and do good
at the same time," says Ezel. "If you're
a successful entrepreneur, why not
consider being a social entrepreneur?"
Ezel is one of our Pioneers: a group
of exceptional social entrepreneurs we
believe have the ambition and potential
to deliver long-term sustainable solutions
to some of the UK's most challenging
problems. The initiative enables Pioneers

12/02/2020 10:49

Your Business March 2020

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https://europe.nxtbook.com/emp/EMP/jobsandcareerswinter2020/21/jobsandcareerswinter2020
https://europe.nxtbook.com/emp/EMP/yourbusinessmarch2020/yourbusinessmarch2020
https://europe.nxtbook.com/emp/EMP/YOUR_BUSINESS_Spring2019
http://europe.nxtbook.com/emp/EMP/2016SixnationsGuide
http://europe.nxtbook.com/emp/EMP/NationalExpress
http://europe.nxtbook.com/emp/EMP/SixNationFeb2015
http://europe.nxtbook.com/emp/EMP/National_Express_2013
https://www.nxtbookmedia.com