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Status
Received: on time
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Income
£45.6K
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Spending
£49.1K
Public benefits
The direct benefits which flow from the purpose include improved prospects of individuals gaining employment, actually becoming employed or self-employed and having an income instead of total reliance on state benefits. Improved overall economic regeneration due to the cumulative personal wellbeing of individuals' better self-provision, personal
purpose, family provision and reduction in the worry and deprivation caused by economic inactivity such as unemployment that can affect health and further the plight of being economically inactive. These benefits are demonstrated through monitoring activity on those who participate in activity to develop employability skills and reduce economic inactivity. The purposes of our charity may lead to the following harm: The efforts of an individual to set up in business may result in a realisation that an idea is not viable or indeed in early failure of the business. We can show that this harm is outweighed by the benefits through the knowledge and insight of the world of business and commerce and the experience gained through research and business planning. Also the incubation process, with low or Nil rents for the startup period, creates a low financial risk while effort is concentrated on starting a business and testing the market. The charity’s beneficiaries are those who are economically inactive in the Borough of Ballymoney, its villages, hinterlands and environs. The only private benefit flowing from this purpose is that any prosperity from improved urban regeneration may be good for the trade of the trustees who own businesses however this is incidental because all businesses would gain similarly and it is necessary because the important skills, business experience and local knowledge of the trustees is vital to our purpose.
... [more] [less]What your organisation does
Facilitate local economic regeneration by the provision of information, advice and training on the following means known to alleviate economic inactivity • Entrepreneurship • Business development • Business training • Personal development Provide practical support through the use of expertise, business incubation workspace, business incubation
offices, training rooms, referrals and signposting to related services. Expertise All trainers are quality approved by Enterprise Northern Ireland, they are members of the Institute of Consulting and they have further stringent approval requirements from organisations that fund entrepreneurship and business development. Business incubation and business development workspace • Rents generally fixed for 3 to 5 years. • Incubation start up discounts and free start up periods negotiable • Landlord on site • Modern industrial, warehouse and office units in a secure, pleasant environment • Nightly gate lock up by caretaker but 24-hour access available to premises if required • Each unit with toilet facilities • Free use of Acorn Business Centre conference and training room. • Administrative services available for nominal cost • Licence charged by calendar month in advance. One month’s notice to end licence • Free mail collection point service • Landlord pays water charges • Ample car parking for tenants and visitors • No separate service charges • Compliance costs such as Electrical Tests, Energy performance Certs - free Training and Signposting The framework of support available through our organisation includes one-to-one training, group training, individual mentoring, online facilities such as webinars, YouTube resources, dedicated web sites such nibusinessinfo and businessplannavigator, and guests from the successful businesses to motivate and encourage. The business organisations in the support framework that exists in Northern Ireland are many and diverse however our organisation can leverage it for local advantage.
... [more] [less]The charity’s classifications
- The advancement of citizenship or community development
Who the charity helps
- Adult training
- General public
- Unemployed/low income
How the charity works
- Advice/advocacy/information
- Community enterprise
- Economic development
- Education/training
- Relief of poverty
- Urban development
