Melanie May | 10 March 2017 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis8 Tagged with: business planning grants match funding Advertisement 110 total views, 2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis8 109 total views, 1 views today Children’s communications charity I CAN has won business support worth £515,000 from Social Business Trust (SBT) to help it achieve its aim of tripling the number of children it supports by 2019/20.I CAN will receive a cash grant from Social Business Trust (SBT) to match fund recruitment of a commercial manager, along with a package of business support, tailored to meet the specific needs of the charity.Other SBT partners involved include consultants Bain & Company, British Gas, professional services firm EY and information experts Thomson Reuters with additional legal and IT support from Clifford Chance and IBM. The support will be overseen by a investment professional from global investment firm Permira, Riccardo Basile, who will take the role of I CAN’s SBT investment director.The support will include reviews of product pricing and the tutor delivery model used to provide services to schools, as well as advice in designing and implementing the best structure for the growing organisation.Over the past four years I CAN has developed a social enterprise that trains licensees to deliver its evidenced-based programmes, interventions and accreditation in a financially sustainable way. It currently supports 32,000 children a year and is aiming to extend this to supporting 100,000.Social Business Trust provides organisations with a package of professional business support and targeted grant funding designed to strengthen their capacity to grow.Charities and social enterprises interested in receiving support from SBT must have the potential to grow to national scale or significance, and have annual revenues greater than £1 million (or be on track to achieve that in 18 months), including a significant proportion of earned income not from donations or grants. More information is available on the SBT site. I CAN wins business support from Social Business Trust About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.
Previous articleThreat to future of St Paul’s Nursing HomeNext articleWillie in Wonderland admin House prices could lose half their value, says Goodbody’s THE Government has forced NAMA to use out-of-date, inaccurate information to overvalue bank loans, according to Fine Gael’s Michael Noonan. Goodbody’s prediction that house prices will end up falling by 50% before levelling out, he said, spells yet more trouble for NAMA and further pain for taxpayers, “The prediction that house prices will lose half their value is desperate news for struggling homeowners. This outcome would send thousands more tumbling into negative equity.Sign up for the weekly Limerick Post newsletter Sign Up “The consequences for NAMA and the taxpayer are equally worrying. NAMA’s so-called ‘business plan’ is based on the assumption that property prices will rise from the levels of last November – the reference period for determining the current market values of the banks’ toxic developer loans that NAMA is buying.“ But according to Goodbody’s, house prices have continued to plummet since then and are set to fall by a further 16% in the immediate future”.It was bad enough, continued deputy Noonan, that the taxpayer was being forced to pay far more than current market values for toxic developer loans in a tumbling property market on the basis of their ‘long-term economic value.“But making matters even worse is the fact that NAMA is forced by the Government legislation to estimate this long-term value using outdated and inaccurate information.“Only last week the ESRI predicted that the Irish labour force and population would shrink in the coming years because of recession-related emigration. This will mean lower demand for property. But in estimating the long-term value of the property-related assets that it is buying, NAMA is prevented from using economic and demographic projections from beyond last January. At that time, the CSO was still predicting a growing population for Ireland in the coming years”.There were, he continued, certain accountancy rules which require banks to state their asset value on the date of audit, and prevent them from predicting a declining market, but that no such constraints applied to NAMA. “The chances of NAMA recovering taxpayers’ money, he concluded, seemed slimmer by the day. Advertisement WhatsApp Linkedin Email Twitter NewsLocal NewsNoonan fears further pain for taxpayers’By admin – July 22, 2010 507 Print Facebook
The stylish kitchen. Picture: Shae Beplate.The bottom level of the home has polished concrete flooring with a huge living area with a guest bedroom and bathroom.The kitchen has Caesarstone benchtops, high-end appliances and a walk-in pantry.Huge doors open out to the rear deck which overlooks the backyard and inground pool. Kiall Franzmann for Franzmann Constructions outside the newly refurbished house in South Townsville. Picture: Shae Beplate.A MODEST South Townsville house has been extensively renovated, transforming into a luxuriously appointed home.Franzmann Constructions owner Kiall Franzmann and his team undertook a seven-month renovation on the home at Fifth Avenue. The luxurious ensuite complete with double shower. Picture: Shae Beplate.A timber staircase leads to the top floor which features the remaining bedrooms.The main bedroom has an ensuite bigger than most bedrooms as well as a walk-in wardrobe.Mr Franzmann said the project was the biggest residential renovation he had completed.“The owners were absolutely gobsmacked when they saw it,” he said. The home before it was renovated.The house now has five bedrooms, a study, three bathrooms and garage.The keys were handed to the thrilled owners last week who plan to live in the home with their three children.Mr Franzmann said they raised the original house and built in a new level underneath.“The owners bought it about 18 months ago and it was dilapidated and it only had three bedrooms,” he said.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020“We raised it then put the slab on, the front, deck, back deck and the driveway.“Working with the existing house was the biggest challenge and there is still the existing cladding from the original house at the top.”