What is BaSE?:Social Enterprise

Impact

 

In London, over the past three years:

  • More than 200 Hogan Lovells staff have been engaged in our Social Enterprise and Finance Practice; and
  • More than 140 social enterprises have been supported.

Through the UnLtd Big Venture Challenge program and our ongoing support for social enterprises introduced to us through this program alone, we have:

  • directly enabled £2.7m of investments into 30 Big Venture Challenge social enterprises, leading to the creation of 65 jobs;
  • engaged over 100 lawyers from across the firm to provide the advisory services and in addition, involving business support services such as marketing to assist with brand design;
  • engaged 20 in-house counsel from some of the firm's major commercial clients, including Ford, Vodafone and Citibank, working alongside Hogan Lovells' lawyers to deliver quarterly advisory workshops for the social enterprises;
  • introduced social enterprises into the supply chain of the firm to strengthen the income generation and sustainability of the social businesses, for example social enterprise chocolatier Harry Specters, which provides employment for those with learning disabilities, has also been contracted to our catering department for specialist chocolate.

"Citi, Hogan Lovells and UnLtd share a common desire to support individuals and organizations that do not have the means to access legal advice.  Providing our expertise collaboratively to help inspiring social entrepreneurs through tailored workshop sessions helps them achieve their vision in a tangible way.  It's been a fantastic team building experience for our in-house team and I've personally been inspired to do more and have encouraged our teams to become more involved.” - Nigel Kemp, Citibank

In relation to the first Big Venture Challenge cohort (2011/2012) during the period 2011-2013, UnLtd have found that there has been:

  • an increase in annual turnover of 35%;
  • the number of staff employed has grown by 33%;
  • volunteer positions have increased by 25% ; and
  • the number of beneficiaries they help has increased by 25%.

"The HL social enterprise program increases the chances of early stage social enterprises being successful because you have important support and advice on building the structure of your company and making it investable and sustainable. All the options are explained to you clearly so you can make the best decision for the company now and in the future. You can't put a price on this. " - Zoe Peden, Insane Logic

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