Valuable Support from Social Business Trust
More people with mental health problems will get the help they need to keep their jobs or get into work as a result of help, announced today, from Social Business Trust (SBT) for Twining Enterprise.
As a leading provider of ‘back to work’ mental health advice and support services, we have already grown rapidly over the last five years, with revenues more than doubling and beneficiaries tripling to over 2,000.
With SBT’s world-class business support and a cash grant we aim to grow our beneficiaries by a further 70% over three years.
SBT’s help for Twining is overseen by Vineet Khurana, Chief Financial Officer at IBM UK & Ireland who is their SBT ‘Investment Director’. He is assisted in that role by Jack Alcock, Investment Professional at Permira.
Support, tailored to meet the charities' needs, will come from across SBT’s corporate partners. IBM has already started work to develop and deliver a management information system, whilst Thomson Reuters and Credit Suisse will help Twining strengthen its Finance and HR functions to prepare for growth.
EY will assist with developing our operating model; and Clifford Chance will provide legal support. The charity will also receive match funding from SBT for a new Commercial Manager role to lead business development.
Adele Blakebrough MBE, SBT’s CEO said:
By supporting people with mental health needs to stay in, or secure work, Twining quite simply changes lives. We’re excited to be working with them to make that transformation possible for many more.
We are delighted to be partnering with the Social Business Trust. Twining has grown rapidly over the past three years and through the support the Social Business Trust we will be able further evolve the effectiveness of our operations and the quality of support we can offer clients. Their investment will also enable us to expand the depth and breadth of our reach across London and secure our position as London's go-to organisation for employment support for those with mental health concerns.
Mental health is a major concern in the UK: at any one time, one in four people of working age is likely to be experiencing some kind of mental distress or mental health problem.
The wider impacts of mental ill health result in around £26 billion each year in total economic and social costs to London.