This is discussion about Cool2Care - Tackling Disability by Connecting Young Carers with Families in Need.
Congratulations on being selected a Finalist in the Making More Health competition! You have an exciting model that helps families with disabled children as well as unemployed youth. Your innovation has the potential for great social impact. Can you share with us your future plan to become sustainable? How would sustainability of this innovation occur?
-From the BI Judges Panel
Thanks! We are thrilled to have been chosen as one of the finalists and have been sharing the annoucement through our social networks and with our contacts within Ashoka especially in order to drum up votes and support for Cool2Care and this great competition.
As part of our sustainablity efforts, we have regular strategy planning meetings to discuss how we can position our services in this developing market to ensure long terms sustainability. We have developed and adapted our business model over the last 3 years to fit the needs of our beneficiaries and to meet our business and social objectives. We have 3 key initiatives;
1 - 'Scaling Up' our service to have a truly nationwide pool of PAs that can support young adults and indepedents and offer school support, and we aim to increase IT capability to support our training and matching services;
2 - 'Employing PA's' directly so we can access 1-1 tenders, remove hassle for families that don't want to be employers and offer greater choice than our competitors;
3 - offering 'Personalised Services' by partnering with children's services, and including in our serive Direct Payment support and admin, Personlised Budgets and outcomes based reporting.
Our Strategic Growth Plan also has an aim of increasing our annual turnover to £2m per year by 2015, by building our capacity to deliver services and diversifying our income streams. We are exploring how we can increase social investment through grants, bonds, equity and pro-bono work. We are developing a Social Return on Investment measurement in which we are developing a set of metrics to track our Social Impact, communicate outcomes for Local Authorities & funders, and ensure we deliver on our social mission. By improiving our capacity to measure our impact we will be able to attract more investors and quantitatively demonstrate our social impact as well as the costs savings to the state/society.
Just to give you our latest news (Dec 2nd 2011):
We have won contracts to set new services in Milton Keynes & Lincolnshire in England.
We have set up a new charity called the Cool2Care Foundation, to spread inspiration & good practice around the world. We've started by making two donations to NGOs in Cambodia and Indonesia
Through a contact provided by Ashoka UK, we have kicked off a project to study the lives of disabled children in 4 European countries - Norway, France, Netherlands & Spain. We will be contacting local Ashoka Fellows in these countries to help.
The Ashoka network rocks!!