We are now a supplier on the Crown Commercial Service

Crown Commercial Service supports the public sector to achieve maximum commercial value when procuring common goods and services.

Sporting Assets have been named as a supplier on the Crown Commercial Service’s Management Consultancy framework Two – RM6008 (MCF2).

Sporting Assets is named on Lot 1, Business Consultancy Service, which includes services such as:

• Business case development
• Capability development
• Appraising business structures
• Business policy / strategy appraisal

The agreements page can be accessed at: https://ccs-agreements.cabinetoffice.gov.uk/contracts/rm6008

SPORTS MINISTER ENCOURAGES COMMUNITY ORGANISATIONS TO ACCESS SPORTING CAPITAL FUND – Wednesday, April 11th 2018

Sports Minister Tracey Crouch was in Leeds this week to visit an urban bike park which is being supported by the UK’s first ‘sport for social impact’ investment fund.

The £3million Sporting Capital Fund was created by Sporting Assets, the leading sport for social impact advisor, in partnership with the Access Foundation. It is funded by the Growth Fund, which was set up by the Big Lottery Fund and Big Society Capital to support social investors committed to meeting the funding needs of charities and social enterprises

The Sporting Capital Fund offers loans of between £50,000 and £150,000 to eligible projects in the form of a simple, repayable and unsecured loan, and is aimed at supporting and sustaining healthy and resilient communities with sport and physical activity at their heart.

The Minister was visiting the first beneficiaries of the fund, Cycle Pathway CIC, which operates Leeds Urban Bike Park in Middleton, Leeds, an exciting redevelopment of a local authority-owned golf course into a community hub facility, with a café open to everyone.

After trying out the trails herself, Ms Crouch, the Minister for Sport and Civil Society, said: “This is an amazing example of everything we are trying to see with the Government’s sports strategy. You’ve got all ages here, men and women, and it’s a great way to get people participating in sport.

“People like Sporting Capital are here to help venues make sure they are sustainable. But it’s not just about the sport – it’s a community asset. That’s something we were trying to achieve with the sports strategy because I believe simply being engaged in sport is good for your physical and mental wellbeing.”

Leeds City Council, Sport England and British Cycling provided initial funding for the venue, and then to secure the investment from Sporting Capital, Cycle Pathway CIC produced a plan which demonstrated how they will run the business successfully and have a wide impact in the local community.

Sporting Capital is expected to support 30 such projects between now and June 2020 and is actively looking for more organisations to support across the country. To find out more visit www.sportingcapital.org.uk.

The Minister added: “Congratulations to all of the partners involved in this. I know there has been a phenomenal amount of work which has gone into this, and I have every faith that it will have that long-term sustainability.”

Richard Speak, Co-Founder of Sporting Assets, said: “We are delighted to have approved our first investment through the Sporting Capital Fund. Sport can make a real impact in communities, not just in helping people to get physically fit but in terms of mental wellbeing and tackling loneliness, building links across communities and creating local jobs to name but a few of the benefits.

“We are really looking forward to collaborating with community sports groups across the country to help them to grow and develop with our investment.”

Seb Elsworth, Chief Executive of the Access Foundation, said: “We are delighted to be working with Sporting Capital. Through the innovative structure of the Growth Fund and blend of finance from the Big Lottery Fund and Big Society Capital, this new initiative will provide much-needed support to sports-based social enterprises around England who need access to small loans to help them to grow and thrive.”

Julie Harrington, Chief Executive of British Cycling: “Over recent years, British cyclists have won an incredible number of titles and medals on a global stage, truly establishing us as a superpower of the sport. However, it’s always been of paramount importance to us that this success inspires increased participation – more people on bikes means a fitter, healthier and greener nation.

“Investment into facilities such as Middleton Park is part of our commitment to providing opportunities for everyone to cycle, regardless of age, experience or ability. Sporting Capital shares our belief in the power of sport in our society, and I’m delighted that this facility will also be benefitting from their investment.”

To find out more visit www.sportingcapital.org.uk or follow @SportingCapFund on Twitter.

Notes to Editors:

About Sporting Assets: Sporting Assets is the leading sport for social impact advisor in England. It is a for-profit social enterprise which aims to help community sport organisations become more sustainable by generating new revenue, helping them to become ready for investment and developing their capability and capacity to take on, and develop, community facilities.  And works with sector bodies to support them to understand and access social investment. Visit www.sportingassets.co.uk or contact 0203 637 2924. Follow @sportingassets on Twitter.

About Access: Access – The Foundation for Social Investment exists to bridge the gap between charities and social enterprises, and social investors. Access does this through two main programmes: the Growth Fund which blends grant from Big Lottery Fund and loan from Big Society Capital and is focused on enabling the provision of the simple and affordable investment products that charities and social enterprises tell us they need; and the capacity building programme, which provides charities and social enterprises with the support they need to get ready to take on investment.  Visit www.access-socialinvestment.org.uk or follow @si_access on Twitter.

About Big Lottery Fund: Big Lottery Fund uses money raised by National Lottery players to help communities achieve their ambitions. From small, local projects to UK-wide initiatives, its funding brings people together to make a difference to their health, wellbeing and environment. Since June 2004 it has awarded £8.5 billion to projects that improve the lives of millions of people. Visit www.biglotteryfund.org.uk or follow @biglotteryfund on Twitter.

About Big Society Capital: Big Society Capital is a financial institution with a social mission, set up to build the social investment market in the UK, so that charities and social enterprises can access appropriate repayable finance to enable them to grow, become more sustainable and increase their impact on society. It is doing this by building a diverse social investment market: encouraging investors to lend or invest money to achieve a social as well as a financial return. Since it was set up as an independent organisation in 2012, Big Society Capital has invested over £270million in specialist organisations who lend to charities and social enterprises. Visit www.bigsocietycapital.com or follow @bigsocietycap on Twitter.

For media inquiries and interview requests, please contact enquiries@sportingcapital.org.uk 0203 637 8232.

Sport and Recreation Alliance blog post

Our Managing Director, Pete Maguire, has written about how the £3m Sporting Capital fund aims to bring simple, repayable social investment into the community sports market. The blog can be viewed on the Sport and Recreation Alliance website at: https://www.sportandrecreation.org.uk/blogs/pete-maguire/sporting-assets-launch-impact-investment-fund

Sporting Future – Second Annual Report

It seems the Government and Sport England agree with our efforts to help increase social investment opportunities for community sports and sport based social enterprises in England.

“DCMS has been working with colleagues in Sport England and the Office for Civil Society to understand the opportunities that exist for sport in terms of alternative income, including different types of social investment.

Last year, Sporting Assets, a social enterprise with the mission to grow a resilient and impactful community sports sector, soft-launched ‘Sporting Capital’, a new social investment fund focused on community sport. Sporting Capital offers social investment to sporting organisations to help them to become sustainable by developing new, or retaining and expanding existing revenue streams. In addition, Sport England has published further guidance and support on its website to help organisations to better understand social investment.”

The fund that we launched late last year has now approved its first investment and is actively looking for more. To find out more please visit https://www.sportingcapital.org.uk/

Alongside Sporting Capital we have a specialist team that can help organisations prepare to take on social in investment. Third party funding may be available to help finance this support. To discuss these opportunities please contact enquiries@sportingassets.co.uk

The Full DCMS Sporting Future report is available at: https://www.gov.uk/government/publications/sporting-future-second-annual-report

Sporting Capital

Sporting Assets will soon launch Sporting Capital, the first social investment fund that focuses specifically on organisations and projects that help to develop people and communities through sport and physical activity.

We are passionate about supporting organisations to deliver wider impact through sport. We know the power of sport; it can play a role in bringing communities together, have a social and cultural impact, connect people from different walks of life and reduce crime and anti-social behaviour.

Sporting Capital enables us to extend the vision of Sporting Assets, by financing organisations that make a difference to develop people and communities through sport and help them to become sustainable.

What we fund

The £3m Sporting Capital Fund provides loan funding of between £50,000 and £150,000 to eligible projects. We expect to invest into around 30 to 50 organisations over the next 3 years.

The loan funding will be used to help organisations develop new projects, operations and revenue streams. Whilst every organisation’s needs will differ, we expect the funding to be used for projects and activities such as:

  • Equipment to support revenue streams
  • Recruitment, training and deployment of staff and volunteers
  • Equipment to support business functions, including finance, project management and governance
  • Other operating costs

If you are unsure if your idea or project fits our criteria please get in touch.

Who we can fund

We can invest in a wide range of organisations and projects from social enterprises, charities and profit-with-purpose businesses. And if you need support to get ready to take on repayable investment, you may be eligible for grant funding to pay for this.

Each investment will be tailored to the organisation. Loans will be repayable over 3
to 5 years and a repayment holiday of up to 24 months will be available, giving projects time to generate sustainable revenue.

Please get in touch if you are looking for investment. Our team can work through our specific eligibility criteria with you to help you understand whether you are right for investment from us.

Who we work with

Examples of projects we may be interested in investing in are highlighted below.

Supporting young people through football

The club develops young people to fulfil their ability and contribute to society, primarily through community based football teams and programmes. They focus on the individual but with a bigger goal of developing stronger, more cohesive and resilient communities. Investment will help the club to:

  • Develop sustainable revenues to support expansion of their youth programmes
  • Expand their offer to the local community with new spaces that can be used by other local organisations
  • Increase their volunteering activities and employment and training opportunities

Cycling community hub, in the heart of the city.

The project aims to create a community facility that delivers physical and mental well-being opportunities, education services and community activities all based around a community cycling hub in an urban environment.

It aims to deliver key social impact outcomes through a range of services including:

  • Successfully scale Youth Offender and pupil referral unit activities
  • Develop employment and volunteering opportunities through community café, trail building and training centre project
  • Increase opportunities for physical and social activity to the local community

Investment will help grow their revenue streams, including through their community café, education and training services, Youth Offender and pupil referral unit activities, to develop a truly sustainable community hub.

Find out more

Sporting Capital will launch in September 2017 and make its first investments in early 2018.

To find out more contact:

enquiries@sportingcapital.org.uk

0203 637 8232

www.sportingcapital.org.uk

About us

Sporting Capital has been formed through a pioneering partnership between Sporting Assets and the Access Foundation, and is funded through the Big Lottery Fund and Big Society Capital.

Big Lottery Fund

  • The Big Lottery Fund is the largest funder of community activity in the UK. We put people in the lead to improve their lives and communities, often through small, local projects.
  • We are responsible for giving out 40% of the money raised by National Lottery players for good causes. Every year we invest over £650 million and award around 12,000 grants across the UK for health, education, environment and charitable purposes.
  • Since June 2004 we have awarded over £8 billion to projects that change the lives of millions of people.

Website: http://www.biglotteryfund.org.uk
Twitter: @biglotteryfund #BigLottery
Facebook: http://www.facebook.com/BigLotteryFund

For funding and general enquiries call:
BIG Advice Line: 0345 4 10 20 30
Text Relay: 18001 + 0345 4 10 20 30

For press enquiries call:
Press Office: 020 7211 1888
Out of hours media contact: 07867 500572

Big Society Capital

Big Society Capital is a financial institution with a social mission, set up to build the social investment market in the UK, so that charities and social enterprises can access appropriate repayable finance to enable them to grow, become more sustainable and increase their impact on society. It is doing this by building a diverse social investment market: encouraging investors to lend or invest money to achieve a social as well as a financial return. Since it was set up as an independent organisation in 2012, Big Society Capital has invested over £270 million in specialist organisations who lend to charities and social enterprises.

http://www.bigsocietycapital.com
@bigsocietycap

Press office: 020 7186 2540 / 0788 587 9500

Access

Access – The Foundation for Social Investment exists to bridge the gap between charities and social enterprises and social investors. Access does this through two main programmes: the Growth Fund which blends grant from Big Lottery Fund and loan from Big Society Capital and is focused on enabling the provision of the simple and affordable investment products that charities and social enterprises tell us they need; and the capacity building programme, which provides charities and social enterprises with the support they need to get ready to take on investment.

Access – The Foundation for Social Investment


@si_access

We are now a provider on The Hive

We are excited to announce that Sporting Assets is now a provider for The Hive.

The Hive is a UK-wide cross-sectoral programme of support for co-ops and community businesses. From renewables to retail, sports to social care, The Hive can support your organisation with:

– Online advice to guide you through starting up, growth and conversions
– Direct support, via one-to-one advice, group advice, peer mentoring and skills training

For more information visit: https://www.uk.coop/the-hive/

Locality Convention – Community Sport workshop

Sporting Assets are participating in a community sport workshop at the 2016 Locality Convention.

The programme can be found at the following link: http://locality.org.uk/locality-16-programme/

We will be taking part in the day two 11:30 – 12:30 workshop on Community assets for sport. Come along to learn about how to save, fund and run community sports facilities and how to make them sustainable.

Power to Change: ELFDA Case Study

Power to Change, one of the main grant funders for the East Lancashire Football Development Association (ELFDA), have written a case study about the project. Click the following link to read it on their website:

http://www.thepowertochange.org.uk/stories/east-lancashire-football-development-association-elfda/

Sporting Assets helped ELFDA raise over £450,000 toward the asset transfer and restoration of nine football pitches at the Woolridge Playing Fields, Blackburn. It included grants from Sport England, Power to Change and Blackburn with Darwen Council. Sporting Assets are currently preparing a Community Share Offer with ELFDA, which will be launched in late 2016 and will be used to purchase equipment such as goal posts and pitch maintenance machinery.

Community Sports Assets Guidance

Sport England have launched a guide produced by Sporting Assets and Substance on how Community Assets Rights and Community Financing can be applied into Community Sport. Hopefully it can help sports clubs better understand the opportunities to enhance their asset base, financial sustainability and their social impact.

To read the guide click on the following link: http://www.sportenglandclubmatters.com/club-planning/planning/facilities/community-assets-guidance/

Please note you have to register to access the guide, which can be done on the above link.

Empowering communities through sport!

One of our directors, Tom Hall, wrote a blog for the Public Service Transformation Network last December. The blog shares his experience of working with the East Lancashire Football Development Association on an asset transfer that involved Community Financing for the development of youth football hub, as well as comprehensive business development support. It also suggests there is great potential for community sport to take advantage of social investment and the new Community Rights.

Click the following link to read it: http://publicservicetransformation.org/media-zone/news/936-empowering-communities-through-sport