FranchisingWorks is delighted to announce that the new FranchisingWorks Licence Fund has made its first three investments. Jacqueline Moyler and Neil Atkinson have each accessed £10,000 of investment to help launch their Daily Poppins businesses, which provide domestic cleaning services. David Blakey accessed £18,500 towards his Business Doctors franchise, offering SME business advisory and support.
“We’ve had the pleasure of working with Jackie, Neil and David for several months: introducing them to franchising, helping them choose a franchisor, and supporting them to gain funding”, says Lucy Campbell, Venture Manager for FranchisingWorks. “It’s great to know that we have helped them to overcome the all too common financial hurdle through the social investment from the FranchisingWorks Licence Fund. I am confident that David, Jackie and Neil have embarked on the most fantastic journey as they launch their business; one which may well quite literally turn their lives around.”
The investments are the first since the new funding set-up was launched with investments from Big Society Capital and Esmée Fairbairn Finance Fund. The FranchisingWorks Licence LP was set up to manage the pot of funding which is now at £1.2million.