Last Thursday, the Minister for Civil Society Nick Hurd MP visited the Manchester office of FranchisingWorks, a Shaftesbury Partnership venture that tackles unemployment by helping create new businesses and jobs through franchising – “turning job seekers into job creators”.
The FranchisingWorks Licence Fund, which provides unemployed people with vital funding to set up their franchises, recently went live with £1.2 million investment; £1 million of this was from Big Society Capital, one of the institution’s first round of investments.
Mr Hurd discussed the business with the team, including the role of Big Society Capital’s investment and plans for expansion. He also met some of the individuals who have set up franchises through the scheme.
Colin Hughes, who has set up as a franchisee of VIP Bin Cleaning, said “ I hope I helped Nick to understand that Franchising Works is enabling people like myself to create new businesses and employment opportunities that otherwise would not exist. I certainly would not have been able to set up my business without the help that Franchising Works offered me.”