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Minister of State for Disabled People, Health and Work heralds Thrive accelerator as a chance to make lasting change for UK labour market.
Cracked It are the award-winning, social good smartphone screenfixers that find work for young offenders and youth on the verge of crime. They are among the first organisations to receive support from Thrive, a social accelerator run by UnLtd - the Foundation for Social Entrepreneurs. UnLtd’s Thrive: Employment, launched earlier this year, is backing 18 ambitious social ventures in 2018 who are improving access to employment for those who find it hardest to get into work.
Each venture has secured the Thrive package of bespoke consultant-led support, peer-to-peer learning, specialist business advice and the opportunity to access investment. Thrive builds on the learning from UnLtd’s Big Venture Challenge programme, which supported 120 ventures to scale up over four years.
In addition, there will be the opportunity for many of the ventures to secure repayable finance. Affordable and appropriate investment of up to £50,000 per venture is available, and where possible, this capital may be used to leverage in further external investment.
Mark Norbury, UnLtd CEO said: "The UK employment market doesn’t work for everyone. Particular groups of people with complex lives or additional support needs including disabled people, ex-offenders, and people who are homeless, are let down or left out. We’ve chosen these 18 social entrepreneurs because we believe they have solutions with the potential to create lasting change. We are looking forward to working together to help them thrive."
Discover more about Thrive here: https://www.unltd.org.uk/our-support/scaling-up/thrive/
Find full details of the Thrive cohort here: https://www.unltd.org.uk/uploads/general_uploads/Thrive-Booklet-Digital.pdf