The report reveals that the programme has supported 19 social business to date with a total of £870,000 of investment. In turn, collectively, the social ventures were able to respond to the Covid-19 crisis by providing meals to high-risk individuals, supporting disabled beneficiaries and helping those experiencing homelessness into accommodation and providing online counselling.
Alongside Big Issue Invest, the programme partners Scottish Government, University of Edinburgh, Aberdeen Standard Investments, Places for People, Experian and Brodies, delivered pro-bono support exceeding 3,500 hours. The estimated monetary value of time investment from Partner Organisations in kind (through mentorship, panels, pro-bono support given) equalled over £384,000.
The Blankfaces was one of the 19 social enterprises that successfully completed the three-month Power Up Scotland Programme in 2020. The Blankfaces is the UK’s first fashion label aimed at eradicating homelessness. Each design is inspired or created by a homeless person, which forms the backbone of its clothing range. A percentage of every product sold goes directly back to the homeless participant who has shared their story, and 100 per cent of the profits go towards ending homelessness.
Gerard McKenzie-Govan, Founder, The Blankfaces, said: “We have had a long-standing relationship with Big Issue Invest, working closely with their team and even sharing an office space in their Glasgow premises. Their help with Power Up Scotland pre-Covid and during lockdown meant we could keep growing as a business and even open our first shop at 427 Great Western Road! We’re excited for the future.”
Other social enterprises supported by the programme include Projekt42, the UK’s first wellness centre to combine personal training, group fitness, yoga and mental health services and Scran Academy which works to improve the lives of disadvantaged young people through a cooking school. Both ventures are based in Edinburgh.
Sara Hawkins, Director at Projekt42, said: “The Power Up Scotland programme provided a range of support from marketing through to legal advice, which has been invaluable to Projekt 42. Two years on, we are still benefitting from the support networks the programme enabled us to put into place. ”