NAME OF ORGANISATION: Karrek Community CIC
LOCATION: Cornwall
YEAR FOUNDED: 2015
ABOUT: Karrek Community CIC is a care agency providing high quality care services for adults with learning disabilities.
INVESTMENT PURPOSE: To support a scale-up phase for Karrek to develop community hubs across Cornwall, expanding from their St Austell base to reach a wider range of people.
INVESTMENT AMOUNT: £150,000
DATE OF INVESTMENT: June 2017, July 2018
SOURCE OF INVESTMENT: Health & Wellbeing Challenge Fund
IMPACT: Health, Wellbeing & Social Care; Education & Learning
ABOUT: Karrek works with people with learning and/or physical disabilities, mental health and/or behavioural challenges, autism and people with certain forms of brain injury. Karrek’s main aim to make sure people receive the help they really need in their daily lives – not what others think they need. This person-centric care is what makes Karrek stand out in the world of health and wellbeing. Because they start with the individual, and then design the care around that person. The organization prides itself on its flexibility. From 2 to 1 sessions, to 24/7 availability, or a small number of set hours per week, the team at Karrek are ready to help.
PURPOSE OF INVESTMENT: Karrek has established hubs within communities from which the services are run, reducing travel time for carers and ensuring services stay local. The investment enabled Karrek to build capacity and widen its delivery to older vulnerable people. This investment also allowed for the recruitment of more staff and investment in new technologies. Overall, the investment was designed to increase the impact of the organisation including providing a better service to their existing clients, given they have more of a local focus; improving their responsiveness and capacity in the local communities; increasing their impact on local communities through better integration.
Paul Ashton, CEO of Karrek Community CIC: “We are a small ‘not for profit’ company with a positive vision for the future and this investment has come at an important stage in our journey. It will enable us to achieve our goals in a shorter timescale and will lead to an increase in available support for vulnerable people who require personal support. We plan to use this investment with care and enthusiasm as a contribution to improving personal care for the people of Cornwall. We are excited about the next stage in our growth; we really appreciate this opportunity that we have as a result of this investment.”
Oliver Pollard, Head of Enterprise Growth at Resonance: “Karrek is run by an incredibly experienced couple who have worked in the care sector for many years. Although Karrek only contacted us about six months ago, we have been able to push forward from introduction to investment because of their focus and skills. Resonance was immediately impressed with Karrek’s innovative model and their successful track record over a short period of time and investment from the Fund will enable them to deliver a five-fold increase in the number of beneficiaries they will be able to help and assist them in shortening their waiting list.”
Resonance Limited is a company registered in England and Wales no. 04418625
Resonance Impact Investment Limited, a subsidiary of Resonance Limited, is authorized and regulated by the Financial Conduct Authority (FCA). Firm number 588462.
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