THE ACCELERATOR SPEEDS IN TO WALES

Date: 17 October 2013

The Young Foundation bringing its leading investment readiness programme to Wales.

The nine ventures to receive support from this prestigious programme will be formally announced at a showcase evening event on 17 October 2013 at the Wales Millennium Centre. Guests at the launch event include famous faces, entrepreneurs, funders and support agencies from across Wales. The successful nine participants will be announced by ones of Wales’ most successful and award winning social entrepreneurs, Kelly Davies, founder of Vi-ability.

The event will be a great opportunity for social ventures, funders, philanthropists, investors and social campaigners to join the participants as they start their journey on the first pan-Wales accelerator programme for investment readiness support.

The winning social ventures have been drawn from applications from across Wales. Each organisation will receive intensive business support over the next four months, working to develop and shape their business models, enabling them to become ‘investment ready’ and able to access appropriate financial support for their strategic direction.

The full list of organisations to receive support from the Accelerator in Wales are:

1. ABCD Cymru is a unique charity working with Black and Minority Ethnic (BME) disabled and terminally ill children and young people. http://www.abcdcymru.org.uk/

2. Street Football Wales is there for people when they have reached their lowest ebb. It offers people the opportunity to become involved with a team where they will not be judged or stigmatised. http://www.streetfootballwales.org/

3. LLamau is Wales’ leading homelessness charity. They work with vulnerable, socially excluded young people and women to help them develop the skills they need to turn their lives around. http://www.llamau.org.uk/

4. Decluttering programme from Bron Afon Community Housing – a social enterprise based in Torfaen South Wales. http://www.bronafon.org.uk/

5. Grow Enterprise Wales from RCT Homes is an award-winning social enterprise that aims to move people closer to the workplace by offering real work experience in real jobs. http://www.grewcorporate.org.uk/

6. Your Benefits are Changing from Community Housing Cymru targets those who are impacted by welfare reforms and provides access to a free help line. http://www.yourbenefitsarechanging.co.uk/

7. Swansea City FC Community Trust creates positive social impact with limited resources through using the brand of the club to engage with partners in delivering community activities.  http://www.swanseacity.net/

8. Cardiff City FC Community & Education Foundation believe that the stature of Cardiff City Football Club has a responsibility to the community to aid the development of its youngsters, both physically and academically. http://www.cardiffcityfoundation.co.uk/

9. Vi-Ability is a national award winning social enterprise that wants every community to have a thriving and financially stable sports club at its heart. http://www.vi-ability.org/

ENDS.

Notes to editors:

1. Contact: Kate Bagley on 07909 912 444 or kate.bagley@youngfoundation.org

2. The programme has been made possible thanks to the partnership and sponsorship support of several organisations including the Wales Centre for Voluntary Action, Community Housing Cymru and RCT Homes.

3. The Young Foundation is determined to make positive social change happen. We pioneered the field of social innovation with The Open University, UpRising and Studio Schools. We work closely with individuals, communities and partners building relationships to ensure that our thinking does something, our actions matter and the changes we make together will continue to grow. www.youngfoundation.org