×


Home About Contribute Media Kit Contact Sign In
×







.


Finance Industry News

First Ark increases its social value in Liverpool City Region by 30%


First Ark increases its social value in Liverpool City Region by 30%


"Full details of First Arks social accounts for 201718 can be found at httpswww.firstark.comabout-usit-s-all-about-social-value"
First Ark



The First Ark Group has announced an increase of 30% in its social value to £29m from its core activity - in its latest annual social accounts for 2017/18. In addition, it has enabled partner organisations to create a further £24m of social value across the North West of England as a result of its financial Investments.  The inspiring, life changing work which the First Ark Group does has grown significantly over the last 12 months thanks to its unique social business model; which now includes awarding grants and loans to charities and social enterprise organisations to help them grow and enhance the opportunities of the communities and people that they work with.

 

Measuring Social value in this way highlights the true impact of First Ark’s activities and the effects these have on a people’s lives, quantifying the outcomes as a tangible financial value. These principles guide the investments made by First Ark in companies that are driving social value themselves.

 

First Ark has also developed a number of programmes within its core social housing business, Knowsley Housing Trust (KHT), and the services it provides to tenants, which have had an impact on local people worth £29m. First Ark’s impact programmes have supported 125 people into employment a further 900 people with skills and employment training and supported 66 Businesses to start up or grow, while engagement with KHT tenants has helped 1,149 families to secure £2.7m in appropriate benefits and additional income.

 

Tony Cahill, Executive Director, First Ark said:

 

“We have continued our focus this year on maximising the impact we have on people’s lives, by working in partnership with others to expand the scale of support we can provide to local communities.  This year, that includes a significant increase in the impact we have had as a result of our social investments, supported by funding from the Access Foundation, Big Society Capital and the Big Lottery Fund.”

 

By working with KHT tenants and the local community, alongside the local authority on their strategic goals, First Ark was able to have a significant impact on people’s lives. Working with key local stakeholders, the company has also helped reduce anti-social behaviour by 68% in its communities and delivered 980 health and wellbeing activities for disabled tenants. These programmes have helped First Ark achieve a social return of £12.90 for every £1 invested.

.


Finance Business News - The national awards, which are held in association with ContractorUK and FreeAgent, are highly sought after across the entire accounting industry as they recognise the top contractor suppliers across the UK.


Gorilla Accounting Nominated For Prestigious National Award

Finance Business News - Salford Credit Union is recruiting for a treasurer to donate their time and skills in order to support the organisation s next phase of development - as it improves its offer to compete with high street lenders.


Salford Credit Union appeals for financial services expert to join their board

Finance Business News - Salford Credit Union has created its own face mask to protect Salfordians health while they are out shopping in the city and help them to avoid a fine.


Credit union launches face masks to help Salfordians stay safe and avoid a fine

Finance Business News - West Lancashire IFA Acumen Financial Partnership has added to its team and strengthened the company s commitment to training up talent.


New Appointment at West Lancashire IFA

Finance Business News - The government is to legalise the remote witnessing of wills making it easier for people to record their final wishes during the coronavirus pandemic.


 Video-witnessed wills to be made legal during coronavirus pandemic

Finance Business News - Bridgnorth-based Clickingmad has been working behind the scenes with national financial services firm Ascot Lloyd for around six months to provide a complete overhaul of its digital assets including a re-design of its website, which has now gone live.


Shropshire web agency celebrates national contract win