Caring enterprise on the right track – Nottingham Post

A NOTTS organisation that helps people acquire skills to gain employment, has received a £10,000 award.

Right Track, in Top Valley, was established in 2009 as a not-for-profit “social enterprise” with a mission to help people discover and realise their full potential.

It has now been recognised at the 2013 RBS SE100 Awards, which is an online listing of social ventures that are ranked and scored according to their growth and social impact.

Right Track chief executive Stuart Bell, said: “I set up Right Track initially to help people that the mainstream education system had let down: kids on the edge of the justice system, long-term unemployed parents, those with no real hopes or aspirations in order to help them understand that you can go and achieve anything you want to. We have a strong commercial aspect. We don’t rely on grants, we go for contracts and ongoing revenue streams, which gives us sustainability going forward.

“Looking to the future, the organisation has already identified a number of sectors that they are planning to infiltrate.”

“I want to grow Right Track to help more people.”

“We’d like to go national. I want to show that social enterprises can compete with the big boys in the commercial world. Don’t let them pigeonhole us as just do-gooders. We are commercial people and we can deliver a better service at a good price.”

Right Track provides training and apprenticeships for young people and adults who struggle the most to find work. Its turnover has grown to more than £1 million in just years, with 146 per cent growth in turnover from 2012 to 2013.

The 2013 RBS SE100 is the richest live information resource for social ventures in the UK. This year’s national figures revealed average growth of 82 per cent, compared to 24 per cent last year.

Ian Walters, managing director of business banking at RBS, said: “RBS has been supporting ventures which provide enterprising solutions to social problems for many years and the RBS SE100 Index is a key initiative in our commitment to build on this.

“This year, both the quality and quantity of applicants has been extremely strong, a testament to the success of the sector.We congratulate the 2013 winners and applaud all those organisations across society who are striving for positive change in their communities through entrepreneurship and enterprise.”

Tim West, co-founder of the RBS SE100, said: “Our latest, live RBS SE100 platform has identified the UK’s leaders in this vibrant and rapidly growing sector. Thanks to RBS’s support in taking the index online this year, social enterprises now have a powerful platform to showcase the positive impact they are making in communities across the UK.”

Jeremy Nicholls, chief executive of the SROI Network and one of the awards judges, said: “I am heartened by the growing interest in the importance of accountability and value, which has been clearly demonstrated by social enterprises that have entered for the RBS100 social impact award this year.”

By Gemma Toulson

via Caring enterprise on the right track | Nottingham Post.

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