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FranchisingWorks Supports New Businesses Through Advice

 - Apr 11, 2014
References: & bbc
Based in Manchester, United Kingdom, FranchisingWorks is a social enterprise that provides support to the unemployed by throwing franchising into the mix of their Big Society Capital-funded venture. The way that FranchisingWorks does this is through advice, support and access to funding for those who are on their way to wanting to become self-employed. The social enterprise is part of a thrust of all of the UK-based organizations that have come to be known internationally as a hotbed of social entrepreneurship.

"FranchisingWorks has access to sources of finance to help meet the start-up costs for successful candidates with insufficient financial resources of their own," they write on their website. "This includes its own fund with a £1million investment from Big Society Capital, which is used to invest in franchise licences for unemployed candidates needing extra financial support." They are also supported by organizations such as NESTA and New Economy.