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CIP Case Studies
Grant Support
Co Options is a social enterprise providing employment and training opportunities for people with learning disabilities in their own community in North Wales.
They have used a grant award from CIP to employ a consultant to work with them to determine the feasibility of a furniture reuse project which may also establish a large reuse retail facility within the Rhyl/Prestatyn area.
This new expanded facility could house the new furniture reuse project and also incorporate some of their existing projects under one roof.
“Resources used from the Cylch Investment Programme will determine the viability of up scaling some of our business. It’s a great opportunity for us” Andy Lowe, Co Options
Starter Investments
Ten Green Bottles were set up as a social enterprise in Powys in 2007 to research and develop ways of recycling glass and at the same time offer work and training to people with learning disabilities and others excluded from the mainstream workplace.
They secured a £30,000 starter investment (grant/loan mix) which they are using for new equipment and improving their business skills. This type of investment will enable the organisation to grow.
“Charity Bank are different, and have given us the tools to become a sustainable business – they have helped us to fly and take our project to the next level. It has been an elegant and seamless process.” Lorraine Powers, Ten Green Bottles.
Loan Finance
Sundance Renewables is a workers co-operative social enterprise that manufactures biodiesel from used cooking oil collected from across Wales.
Sundance is taking a community-based social marketing approach to encourage more individuals and organisations across Wales to use biodiesel in order to cut their carbon footprints by over 90%.
With the provision of a £40,000 loan over three years for the purchase of a second processing site, and a £10,000 grant to develop a renewable heating fuel, Sundance endeavours to stay at the forefront of sustainable fuels.
Page Updated: 11th January 2010