Beam is a social enterprise that crowdfunds job training for homeless people, and supports them into stable, paid work.
13. Financial Sustainability – funding breakdown: please list a quick breakdown of your funding, indicating an estimated percentage that comes from each source.
Earned income: 21%
Individual donations or gifts: 6%
Foundation or NGO grants: 34%
Debt granted by individual: 39%
15. Growth Strategy: What are your main strategies for scaling your impact?
Our growth strategy encompasses three key steps:
Diversity Recruitment: This year, we’ll launch ‘Beam Recruit’, placing candidates within socially responsible companies. Recruitment revenues will significantly enhance Beam’s long-term sustainability.
Geographic expansion: Our flexible model can be deployed in new cities. We’re already in discussion with Bristol and Manchester about delivery in 2021. We plan to expand globally in 2022, with confirmed interest from Jersey City.
Demographic expansion: By 2023, we’ll serve other excluded communities - including refugees and ex-offenders.
16. Activating changemakers: How are you giving people the power to control their own destiny and support other people to become changemakers in their communities?
Our beneficiaries actively challenge negative stereotypes around homelessness and inspire others who are in the same situation. Their positive action creates life-changing results.
The public (often at a loss as to how best to help someone who is homeless) can now use a simple, transparent solution to support someone in need to make this long-term change.
Lastly, we make it easy for employers to champion diversity by hiring from our talent pool of motivated, work-ready candidates.
17. Awards & Recognitions: What awards or recognitions, if any, has the project received so far?
Beam has won 11 awards so far that including the 2018 London Homelessness Awards, The Europas ‘Hottest Tech for Good in Europe’, and MIT’s Best Financial Inclusion Innovation in Europe. Beam’s founder, Alex Stephany, has also been awarded Best Social Entrepreneur in the UK. You can the full list here: https://beam.org/awards
18. Tell us about how collaborations and partnerships would enhance the scalability and impact of your project
Beam is an inherently collaborative service, working with the public, charities and the government who commission our service. To reach new communities, we would be keen to be introduced to key contacts working in different cities.
As we begin to roll out ‘Beam Recruit’, we are keen to collaborate with more socially responsible employers in a wide range of sectors. This would hugely enhance Beam’s impact, allowing us to match our beneficiaries with suitable work even more quickly.