Story Burton Street Foundation – bringing the community together
Helen Bark of Burton Street Foundation on times when additional funding is required so that social enterprises can deliver greater impact.
Social Problem
With the closure of so many community centres, services and facilities, many areas lack a central hub where members of the community can socialise, learn and take part in different activities.
Solution
Burton Street Foundation brings communities together from across Sheffield and beyond, by offering services and spaces for a range of activities, conferences and events.
Loan
Charity Bank’s initial loan helped Burton Street Foundation overhaul its spaces and facilities. Charity Bank later offered a second loan to consolidate the organisation’s finances, allowing it to save a significant amount in annual repayments. Both loans ultimately helped Burton Street Foundation to increase its sustainability and impact.
Impact
Burton Street Foundation now welcomes around 2,500 people each week. 250 people benefit from its disability services. Fourteen local businesses are based in its offices, and around 35 charities and community groups use its facilities each week. It has also become a significant local employer, with over 150 people working for it.
“We are a sustainable social enterprise, but there are times when additional funding is required so that we can be the best we can be.”
“People who care about where their money is going and choose to save with a social lender like Charity Bank are directly helping social enterprises like ours to evolve and do more good.”
Helen Bark, Finance & Administration
About Charity Bank
Charity Bank is the loans and savings bank owned by and committed to supporting the social sector. Since 2002, we have used our savers’ money to make more than 1280 loans totalling over £500m to housing, education, social care, community and other social purpose organisations.
Nothing in this article constitutes an invitation to engage in investment activity nor is it advice or a recommendation and professional advice should be taken before any course of action is pursued.
