A 5 year Lloyds Bank Social Entrepreneurs programme will have supported over 1300 social entrepreneurs by 2017, creating over 7000 jobs and supporting over 1.1 million beneficiaries in the process.
With the Lloyds Bank Social Entrepreneurs Programme entering its fifth year, recent research commissioned by the BIG Lottery Fund demonstrates the programme has had a positive social impact on people, businesses and communities. Key findings include the forecast of over 7,000 jobs being created and over 1.1 million beneficiaries being supported as a direct result of social entrepreneurs who have participated in the programme.
The Lloyds Bank Social Entrepreneurs programme, which launched in 2012 in partnership with SSE and BIG Lottery Fund, has supported over 1,000 social entrepreneurs to date. There was a significant uplift in applications this year (27% increase), as the programme’s reputation builds and social entrepreneurs recognise the benefits of practical learning, an assigned business mentor from Lloyds Banking Group, and a financial grant.
The Social Entrepreneurs programme plays a central role in Lloyds Banking Group’s Helping Britain Prosper Plan, which outlines the Group’s commitment to help businesses of all types and sizes to prosper, by offering them the funding, the support and the encouragement they need to grow at home and abroad.
Creating local impact
Social entrepreneurs on the programme add value to their local communities, with:
- 84% recruiting employees from the local labour market
- 59% recruiting employees who tend to be disadvantaged in the labour market
- 73% ‘buying local’
- 89% reinvesting their profits or surplus for social or environmental benefit
- 60% ‘buying social’
A current student on the programme, Sarah Sutton, who leads Samba drumming workshops for all members of the community through her enterprise Boom! and as part of the Whitley Bay Community Carnival Team, said: “As part of the Lloyds Bank Social Entrepreneurs Programme, I am developing additional skills which will help me get Boom! off the ground. I have benefited greatly from being part of a community of people with similar goals and learning from their experiences and have had the opportunity to work with a dedicated business mentor from the bank.”
Jo Harris, Managing Director of Retail Business Banking, Lloyds Banking Group, recognised the positive impact of the programme, saying “We have always believed that social entrepreneurs make a significant contribution to their communities, society and the economy, so we are not surprised to see the research evidence such a positive impact. With our ambition to Help Britain Prosper, making a positive difference to people, businesses and communities, Lloyds Bank is proud to support social entrepreneurs as they start up and scale up.”
Alastair Wilson, CEO of the School for Social Entrepreneurs, said: “The Lloyds Bank Social Entrepreneurs programme provides vital support for individuals who are using entrepreneurial approaches to tackle complex social problems. As evidenced by the increased demand for the programme this year, more and more entrepreneurs are considering adopting a social enterprise model. This can only be a good thing for society.”
To find out more about the programme, please visit www.yourideastartshere.co.uk.
A Good Look At How Homes Will Become More Energy Efficient Soon
Everyone always talks about ways they can save energy at home, but the tactics are old school. They’re only tweaking the way they do things at the moment. Sealing holes in your home isn’t exactly the next scientific breakthrough we’ve been waiting for.
There is some good news because technology is progressing quickly. Some tactics might not be brand new, but they’re becoming more popular. Here are a few things you should expect to see in homes all around the country within a few years.
1. The Rise Of Smart Windows
When you look at a window right now it’s just a pane of glass. In the future they’ll be controlled by microprocessors and sensors. They’ll change depending on the specific weather conditions directly outside.
If the sun disappears the shade will automatically adjust to let in more light. The exact opposite will happen when it’s sunny. These energy efficient windows will save everyone a huge amount of money.
2. A Better Way To Cool Roofs
If you wanted to cool a roof down today you would coat it with a material full of specialized pigments. This would allow roofs to deflect the sun and they’d absorb less heat in the process too.
Soon we’ll see the same thing being done, but it will be four times more effective. Roofs will never get too hot again. Anyone with a large roof is going to see a sharp decrease in their energy bills.
3. Low-E Windows Taking Over
It’s a mystery why these aren’t already extremely popular, but things are starting to change. Read low-E window replacement reviews and you’ll see everyone loves them because they’re extremely effective.
They’ll keep heat outside in summer or inside in winter. People don’t even have to buy new windows to enjoy the technology. All they’ll need is a low-E film to place over their current ones.
4. Magnets Will Cool Fridges
Refrigerators haven’t changed much in a very long time. They’re still using a vapor compression process that wastes energy while harming the environment. It won’t be long until they’ll be cooled using magnets instead.
The magnetocaloric effect is going to revolutionize cold food storage. The fluid these fridges are going to use will be water-based, which means the environment can rest easy and energy bills will drop.
5. Improving Our Current LEDs
Everyone who spent a lot of money on energy must have been very happy when LEDs became mainstream. Incandescent light bulbs belong in museums today because the new tech cut costs by up to 85 percent.
That doesn’t mean someone isn’t always trying to improve on an already great invention. The amount of lumens LEDs produce per watt isn’t great, but we’ve already found a way to increase it by 25 percent.
Maybe Homes Will Look Different Too
Do you think we’ll come up with new styles of homes that will take off? Surely it’s not out of the question. Everything inside homes seems to be changing for the better with each passing year. It’s going to continue doing so thanks to amazing inventors.
ShutterStock – Stock photo ID: 613912244
IEMA Urge Government’s Industrial Strategy Skills Overhaul To Adopt A “Long View Approach”
IEMA, in response to the launch of the Government’s Industrial Strategy Green Paper, have welcomed the focus on technical skills and education to boost “competence and capability” of tomorrow’s workforce.
Policy experts at the world’s leading professional association of Environment and Sustainability professionals has today welcomed Prime Minister Teresa May’s confirmation that an overhaul of technical education and skills will form a central part of the Plan for Britain – but warns the strategy must be one for the long term.
Martin Baxter, Chief Policy Advisor at IEMA said this morning that the approach and predicted investment in building a stronger technical skills portfolio to boost the UK’s productivity and economic resilience is positive, and presents an opportunity to drive the UK’s skills profile and commitment to sustainability outside of the EU.
Commenting on the launch of the Government’s Industrial Strategy Green Paper, Baxter said today:
“Government must use the Industrial Strategy as an opportunity to accelerate the UK’s transition to a low-carbon, resource efficient economy – one that is flexible and agile and which gives a progressive outlook for the UK’s future outside the EU.
We welcome the focus on skills and education, as it is vital that tomorrow’s workforce has the competence and capability to innovate and compete globally in high-value manufacturing and leading technology.
There is a real opportunity with the Industrial Strategy, and forthcoming 25 year Environment Plan and Carbon Emissions Reduction Plan, to set long-term economic and environmental outcomes which set the conditions to unlock investment, enhance natural capital and provide employment and export opportunities for UK business.
We will ensure that the Environment and Sustainability profession makes a positive contribution in responding to the Green Paper.”