Training for Life
Training for Life (TFL), established in 1995, is a leading UK social enterprise supporting long-term unemployed people to return to work.
Key features of TFL's work are the high quality of support services, premises and enterprises they operate, and their partnerships with industry leaders - raising quality standards and ensuring training provision leads to relevant local employers' needs.
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Why selected for Breakthrough:
TFL is recognised in the sector for its very high quality services, a leading illustration of the powerful fusion when a mission-driven organisation is combined with genuine entrepreneurial spirit. The business model combines both capital development of community premises into high quality training and enterprise facilities and management of mixed income streams including government training contracts, charitable income and social enterprise profits.
Key Challenges:
Restructuring management to allow for consolidation and minimise exposure to risk, succession planning and to exploit opportunities without compromising core values and financial stability.
Outcomes:
CEO mentoring, improved cash reserves and working capital base to enable replication of the business. Subsequently secured additional long-term finance to fund working capital and replication.
| "Permira's contribution is incisive challenging but with a lightness of touch that makes that work very accessible." Gordon D'Silva, Training for Life CEO |
For more information on Training for Life visit www.trainingforlife.org
The Social Investment Team |
| Denise Vergot Holle CFA, Social Investment Director d.holle@can-online.org.uk 020 7922 7751 Denise's Biography |
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Richard Kennedy, Social Investment Manager |