Example: Walk us through a specific example(s) of how this solution makes a difference; include its primary activities.
Kevin is a current resident of a homeless hostel in London. Whilst studying for his A-levels, and working 15 hours a week, Kevin earns £79.50 per week, and after all bills and food paid to the hostel, he is only left with £22.30 per week. This is the only money available to Kevin to save for a deposit for a flat. Clearly, there is a huge financial barrier preventing him from moving from temporary accommodation and into the rental market. Our model, where Kevin volunteers at our events allows him to build practical work experience whilst gaining the tangible reward of a flat deposit. Kevin now has £650 in his deposit fund which he can access once he feels ready to move into private rented accommodation. FM provides a solution and support.
Impact: What is the impact of the work to date? Also describe the projected future impact for the coming years.
Fat Macy's has recently completed it pilot, we have since completed 12 events, including a ten night residency off Brick Lane. Selling over 250 tickets, we have already taken £7500 in revenue. That includes over £2000 of savings spread across six chefs, two of whom have saved over £700 each and are now looking to move of the YMCA. We have proved that our model works, and that with a commitment of 60 hours across ten events, we can ensure each chef will save a minimum of £600.
We have worked with six residents at events, and a further 20 in homeless hostels.
With growth and streamlining our model, we hope to run 5 supper clubs series over the next year, allowing us to work with and help find a home for twenty chefs. We hope to bring in £50k of revenue through these events over the next upcoming year, allowing each chef to earn minimum £600.
Spread Strategies: Moving forward, what are the main strategies for scaling impact?
I believe Fat Macy's is a very easily replicable and scaleable model, and can be carried out in most cities both nationally and globally. By achieving our streamline and growth model as outlined above, we believe we can not only train minimum twenty chefs per year (with just two members of staff) but also widen our current geographical reach. With increased profit, we can begin to pay our salaries, thus working on Fat Macy's full time, whilst employing new staff to run parts of the programme. We are currently reaching out to homeless shelters across London as our starting point.