FranchisingWorks receives £1 Million of Big Society funds

FranchisingWorks, a Greater Manchester-based organisation specialising in providing support and guidance to people wanting to start up their own franchise business, has been awarded £1 million from the Cabinet Office.

The money is part of a government initiative called the Big Society Investment Fund. In total this fund will release £3.1 million from dormant bank accounts to fund ‘big society’ projects in various parts of the country. The £1 million investment into FranchisingWorks will be put into their Licence fund, and will be used to invest in franchise licences, helping unemployed people without sufficient financial resources to start their own businesses. FranchisingWorks plan that this investment will generate a significant social return by creating new jobs. It also aims to generate a positive financial return including the full return to BSIF of the capital invested.

Alongside FranchisingWorks there are three other organisations … Continue Reading