15th October 2012
INCOMEMAX NAMED AS WINNER OF SANTANDER SOCIAL ENTERPRISE DEVELOPMENT AWARDS
IncomeMAX are pleased to announce that we have won £50,000 in Santander’s Social Enterprise Development Awards. The funding will be used to broaden the range of financial services we offer to people.
By providing one-to-one, personalised advice, IncomeMAX helps people on low-incomes and the unemployed to maximise their income through budgeting, benefit entitlement and helping people to get the right debt management advice. Since its launch in 2009 it has saved clients £2,000,000 and helped people to make the most of their money.
With the Santander award IncomeMAX will be able to launch a new range of services including an online advice portal, welfare training and seminar programmes to help people understand the new benefit reforms that are due to be implemented in 2013.
Sheralee Morris, Senior Manager, Santander, said: “At Santander we are committed to investing in and supporting communities in the South East and our Social Enterprise Development Awards were set up to help enterprises looking to expand. Easy access to good financial advice has never been more important than in the current economic climate and IncomeMAX’s track record demonstrates their business model offers an ideal solution for people on low incomes.”
Lee Healey, Managing Director of IncomeMAX, said: “We have developed IncomeMAX into a trusted brand in East London and Santander’s award will allow us to help more people experiencing financial difficulty, with a wider range of services.”
As part of Santander’s national Social Enterprise Development Awards, there were a further seven awards given to social enterprises across the South East. Alongside IncomeMax, Mow & Grow and Emmaus Hastings and Rother (EHR) all received a £50,000 award.
Sexual Violence Alliance and On Purpose each won £30,000 awards whilst Halow Care, Dementia Adventure, and PHASES all received £15,000 awards.
The Awards are part of Santander’s commitment to supporting small businesses in the UK. Social enterprises play a vital role in local communities by helping to deliver social regeneration and the SEDA scheme aims to help those with potential to expand their work.
Alongside the prize money, winning social enterprises receive access to support from Santander including mentoring programmes, funding for internships and university business courses and training.
Winning organisations will also receive valuable input from The London Community Foundation which will work with them to assess the social impact of their business and the effect the award will have on local communities.
For further information please contact the Santander team at Eulogy! on Santander@eulogy.co.uk or call 020 7927 9999
Notes to editors:
Banco Santander is a retail and commercial bank, based in Spain, with a presence in 10 main markets. Santander is the largest bank in the euro zone. Founded in 1857, Santander had EUR 1.418 trillion in managed funds, 102 million customers, 14,569 branches – more than any other international bank – and 187,000 employees at the close of June 2012. Santander UK plc is a full-service retail and commercial bank providing services to 25 million customers, with more than 1,300 branches and 33 regional business centres.
About the Social Enterprise Development Award
SEDA is an annual awards scheme targeted at established social enterprises looking to grow their business and working for the benefit of their community through improving social inclusion, supporting training & employment, or creating a greener environment. The Awards feature three prize categories of £50,000, £30,000 and £15,000 for social enterprises with a turnover of up to £500,000. The Awards are open for entries every summer with a total prize fund of £2.3m distributed to around 70 social enterprises every autumn.
About Community Foundations
Community foundations bring together local philanthropists and organisations who wish to give money to support their local community with dynamic local charities. The Community Foundation Network is made up of a movement of 55 community foundations in the UK. The administration of SEDA and subsequent assessments are managed through the Community Foundation Network.
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