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Social Investment during Covid-19

Social Investment Covid-19

Here at Community Action Suffolk we are still here to offer support in this strange and rapidly changing times.  It is clear that there will be a significant impact on the VCSE sector and we are committed to providing you with the support you need. 

There is something of an information overload presently and no-one has all the answers so to help you negotiate the quagmire, please take a look at the resources below and remember you can contact me on 07391 419887 sarah.lomasney@communityactionsuffolk.org.uk @socialinvestCAS on twitter.

Statement from Social Investment Business, Big Issue Invest, Access & Big Society Capital for social impact investors (among others):

  • We are all aware the coronavirus outbreak means this is a very challenging time for all. We know this will include the charities and social enterprises we work with, many of whom work with the most vulnerable people. Our priority above all is to work collectively and with urgency to help where we can.
  • We want to reassure all of the organisations we invest in that we will support you and be as flexible as possible in the coming months. We are actively working together on how we can adapt existing schemes and funds. We are also working with government and other funders to establish new programmes that may provide additional help. We recognise that grants and business support will be at least as important as social investment.

The most important message is:

Monitoring and Evaluation

It is really important that data collection, monitoring and evaluation systems and impact practice aren’t  neglected and Inspiring Impact have a range of resources on adapting in the current climate to ensure that you can demonstrate the positive impact you are making:

https://www.inspiringimpact.org/impact-support-during-covid-19/

Webinars from Social Enterprise UK (SEUK):

Over the course of the Covid-19 outbreak SEUK are putting together a series of webinars delivered by representatives from the social enterprise community and supporters from other sectors. All these webinars are free to listen to.

9 APRIL WEBINAR: DIGITAL TOOLS AND WORKING FROM HOME – Digital agency and social enterprise, Reason Digital hosted a webinar looking into the best ways to work remotely, the best platforms to use and how to keep productive.

7 APRIL: THE COVID JOB RETENTION SCHEME & WHAT YOU NEED TO KNOW – Paul Seath from the Employment Team at law firm, Bates Wells will delivered a webinar on the latest updates on the Coronavirus Job Retention Scheme. It looked in depth at what employers can claim, what the new guidance means for social enterprises receiving public funds and how the concept of furlough leave works in practice. You can download detailed slides about the Job Retention Scheme here.

1 APRIL: ADAPTING YOUR BUSINESS MODEL – Colin Downie, Sales and Partnership Director at leading social enterprise, WildHearts, delivered a webinar on adapting your business model to best deal with crisis which touched on making the most of furlough and looking at potential new markets at this challenging time. You can also download slides from Colin’s webinar here.

31 MARCH : MENTAL HEALTH AND WORKING FROM HOME  Simon Blake, Chief Executive at Mental Health First Aid England delivered a webinar on mental health support at this time and adjusting to the realities of homeworking. You can access slides from Simon’s presentation here.

26 MARCH: BUSINESS CONTINUITY PLANNING – Outgoing CEO of Belu Water, Karen Lynch gave a candid overview of the impact COVID-19 is having on the business, on staff and on supply chains with a focus on business continuity planning through the crisis. You can download slides from this webinar here.

25 MARCH: FINANCIAL SUPPORT DURING THE PANDEMIC – Ian Workman, Managing Director and Head SME at Barclays looks at the financial support available for social enterprises including more information on the Coronavirus Business Interruption Loan Scheme

24 MARCH: MANAGING PEOPLE THROUGH THE COVID-19 PANDEMIC CEO of Roots HR CIC, Jan Golding delivered a webinar looking in depth at the HR issues created by the current situation. The webinar covers paying your people, furlough leave and the Coronavirus Job Retention Scheme, homeworking and the realities of redundancies. You can download the slides from Jan’s webinar here.

18 MARCH: SEUK OVERVIEW WEBINAR – Chief Executive, Peter Holbrook and Director of External Affairs, Andrew O’Brien on SEUK’s plans to support our members and the social enterprise movement through the crisis.