Social enterprises urged to create franchises

Social investment provider Can seeks partners interested in pursuing the idea

A charity that supports social entrepreneurs is planning to launch a new service to help social enterprises that are interested in creating franchises throughout the UK.

Andrew Croft, chief executive of social investment provider Can, said his charity was seeking partners that had models that could be replicated in other parts of the UK.

"The social enterprise sector needs to achieve scale and needs to be a name on everyone's lips," he said. "We need brands that everyone will recognise. Franchising is one way to do this.

"We're confident that we and our partners have all the skills and financing necessary to help organisations develop franchises."

He said Can would aim to provide services up front and recoup money from the franchising organisation to cover costs when it was successful.

"We want to make enough money from this to continue providing the service," he said.


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