In a completely new take on the standard ‘accelerator’ programmes offered to voluntary, community and social enterprises (VCSEs), CAN is committing space in its flagship building and subsidising the costs of 10 to 15 organisations through one to three years’ worth of business support and central London office space.
CAN, which has been supporting VCSEs for two decades, believes there is a vacuum in the support available for social enterprises and voluntary sector organisations who are past the initial start up phase, but still need support to accelerate growth, build sustainable revenue and focus on their social impact.
Chief executive Andrew Croft said: “At CAN, we have recognised that social sector organisations in the ‘post start-up’ phase find it really hard to access the right support to take them over the next big hurdles in their journey to success. It’s part of our social mission to use our expertise and the great office spaces we have to address those needs.
“Maybe you’ve been through a start-up accelerator programme, or got some grant funding to kick start your organisation – we all know that initial phase can come and go pretty quickly. But what happens next when you’re left to fend for yourself? This is where CAN³ comes in.”
Based on a full floor of 60 desks, CAN³ is set to provide £457,300 worth of support to VCSEs per year, over the next one to three years.