Manor House Development Trust is in the running to win a share of £30k prize fund. We have been recognised as a leading social enterprise, shortlisted for Growth Champion Award in 2014 RBS SE100 Awards.
The RBS SE100 Index is an online listing of social ventures, ranked and scored according to their growth and social impact. Each year The RBS SE100 Awards recognise social enterprises on the Index who have demonstrated some of the best business practice within the sector, celebrating the growth, impact and ambition of social enterprises in the UK.
The Growth Champion Award is given to a social business on the Index who has experienced positive, financial growth from one year to the next, the panel also look for a winner with a sustainable business model. Manor House Development Trust has a growth percentage of 118.7% for the 2012-2013 financial year, compared with an average of 97% on the main index.
Thanks to a strong team of Board members and hard working staff, the Trust’s turnover has jumped from just over £20k in 2008 to reach £800k projected for this year. The Growth Champion award is just as much about social impact as it is about expansion and success. Manor House Development Trust has a social impact score of 10/10, putting the organisation in the top 5.1% of enterprises in this years RBS SE100 index for measuring and demonstrating social impact.
By creating impact reports, MHDT evaluates its effect within the community, encouraging other organisations to do the same. Its studies show that people who have attended a PACT meal more than once are 62% more likely to reduce their food waste and 47% more likely to eat healthier, while 53% who attended one of its employment programmes gained work directly as a result.
Read our impact reports here: www.mhdt.org.uk/our-impact
Director Simon Donovan said of the Trust’s growing impact:“As an organisation which spun out of Hackney Council in 2007 and was almost completely reliant on Council grants, our growth and impact has been extremely important to us. Our business plan has focused on becoming financially independent by diversifying our income streams and moving away from grants towards contracts for our services, as well as measuring our impact in real terms within the local community.”
Commenting on the award, Simon said:“The social enterprise movement has impacted on us especially, putting the spotlight on organisations like ours and building opportunities to work and trade with partner organisations. The RBS SE100 Index has enhanced this opportunity, we are able to benchmark ourselves against other much larger social enterprises and give our partners further evidence of our performance. Being able to demonstrate our ability to grow year on year and being shortlisted for the Growth Champion Award only adds to our credibility, and we are sure this will help us develop in the future.”
The 2014 winners will share a £30, 000 prize fund that will be awarded at the RBS SE100 Annual Awards on the 24th November 2014, at the Good Deals social investment conference in London. The shortlist is divided into five categories: Sustainable Growth, Social Impact, Trailblazing Newcomer and the Resilience and Storyteller award.