Thrive: A social accelerator
Help your venture to Thrive
Thrive is our new social accelerator helping ambitious social ventures to scale. We combine six months of intensive support with the opportunity to secure investment of up to £50,000 for your social venture.
We will support 20 social ventures a year through Thrive. In our first cohort, we are seeking ventures that are improving access to employment for those distant from the labour market.
Thrive offers a combination of bespoke business support alongside potential to access finance, either through UnLtd or our partners. This gives your social venture the chance to grow your business, and ultimately deliver greater social impact.
Thrive builds on the learning from our Big Venture Challenge work, which supported 120 social ventures to collectively improve the lives of 1.24 million people in the UK and raise over £13 million of investment to grow their businesses.
How we can support you
We know that social ventures face barriers as they look to scale. Our research tells us that the main barriers to growth are: accessing capital, establishing routes to market, finding talent, and measuring impact. We design our support around these, and other, areas that we know are vital to get enable growth.
Each venture will get support from a dedicated Venture Manager as we know this hands-on consultative led approach is vital for ventures as they scale. Alongside this, we provide peer-to-peer networking opportunities, high level connections, and access to appropriate finance. We deliver our support in-house, or where required, bring in external expertise from trusted partners. Our support is tailored, but is built around:
- Business planning, financial modelling & strategic advice
- Raising capital
- Developing routes to market
- Accessing specialist advice
- Developing governance
- Evidencing impact and refining your theory of change.
Tackling access to employment
Thrive launches with a focus on improving access to employment for those distant from the labour market.
The steady drop in unemployment is a good news story for the UK. Not only does our economy thrive when more people are earning a living, but not being in work impacts on peoples’ income, health and happiness.
Yet, not everyone with the desire to work is able to gain appropriate, meaningful employment. Social ventures have innovative ideas for improving access to employment and we want to help them Thrive.
Thrive is being co-funded by three expert partners who will each help develop a cohort of social ventures:
- UBS, funding four ventures hoping to improve access to employment in East London as part of East End Connect;
- Scope, who are funding eight ventures to improve employment opportunities for disabled people;
- Eight ventures building access employment to are being funded by a private family foundation
All three partners share UnLtd’s belief that social ventures can offer effective solutions to improving employment opportunities for those with complex lives or additional support needs.
Thrive is being delivered in partnership with
For more information on applying or whether the support offer is right for you, get in touch with our Thrive team.