Entirely North West


Tuesday October 16 2018

First Ark increases its social value in Liverpool City Region by 30%

First Ark increases its social value in Liverpool City Region by 30%

The First Ark Group has announced an increase of 30% in its social value to £29m from its core activity - in its latest annual social accounts for 2017/18. In addition, it has enabled partner organisations to create a further £24m of social value across the North West of England as a result of its financial Investments.  The inspiring, life changing work which the First Ark Group does has grown significantly over the last 12 months thanks to its unique social business model; which now includes awarding grants and loans to charities and social enterprise organisations to help them grow and enhance the opportunities of the communities and people that they work with.


Measuring Social value in this way highlights the true impact of First Ark’s activities and the effects these have on a people’s lives, quantifying the outcomes as a tangible financial value. These principles guide the investments made by First Ark in companies that are driving social value themselves.


First Ark has also developed a number of programmes within its core social housing business, Knowsley Housing Trust (KHT), and the services it provides to tenants, which have had an impact on local people worth £29m. First Ark’s impact programmes have supported 125 people into employment a further 900 people with skills and employment training and supported 66 Businesses to start up or grow, while engagement with KHT tenants has helped 1,149 families to secure £2.7m in appropriate benefits and additional income.


Tony Cahill, Executive Director, First Ark said:


“We have continued our focus this year on maximising the impact we have on people’s lives, by working in partnership with others to expand the scale of support we can provide to local communities.  This year, that includes a significant increase in the impact we have had as a result of our social investments, supported by funding from the Access Foundation, Big Society Capital and the Big Lottery Fund.”


By working with KHT tenants and the local community, alongside the local authority on their strategic goals, First Ark was able to have a significant impact on people’s lives. Working with key local stakeholders, the company has also helped reduce anti-social behaviour by 68% in its communities and delivered 980 health and wellbeing activities for disabled tenants. These programmes have helped First Ark achieve a social return of £12.90 for every £1 invested.

"Full details of First Arks social accounts for 201718 can be found at httpswww.firstark.comabout-usit-s-all-about-social-value"
First Ark

DISCLAIMER: The statements, opinions, views and advice expressed in this article are those of the author/organisation and not of ENTIRELY. This article should represent information correct at the time of publication however whilst every care has been taken to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. ENTIRELY will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within this article or any information accessed through this site. The content of any organisations websites which you link to from ENTIRELY are entirely out of the control of ENTIRELY, and you proceed at your own risk. These links are provided purely for your convenience and do not imply any endorsement of or association with any products, services, content, information or materials offered by or accessible to you at the organisations site.

Discover the best Industry News & Opinion on Entirely

BW Macfarlane Chartered Accountants

BWMacfarlane are one of the leading, independent chartered accountancy practices in Liverpool. BWMacfarlane provide a wide range of accountancy and business support services to organisations and individuals throughout the North of England and beyond.

Laura Evison

Marketing Coordinator

Career focussed, dedicated, committed, motivated and passionate in everything I do.

Greystone Financial Services

Financial Services and Investments

Greystone Financial Services is an integrated wealth management group comprising financial planning and advisory services, and in-house fund management. We are a Chartered, Top 100 IFA firm, currently managing over 1 billion of assets on behalf of our clients. Many of our advisers and Directors have been with the firm since its inception in 1989. Greystone Financial Services is an extremely stable business, having adopted the recurring incomefee based operating model as far back as 1995.

Lucas Johnson

Insolvency Practitioners with a difference - we GUARANTEE to deliver a solution to your problem. The solution will be right for you to achieve your objectives. We cover the entire North West, so wherever you are we can serve your needs.

Hallidays Chartered Accountants and Business Advisors

Hallidays Chartered Accountants and Business Advisors were established in 1843 in Manchester and now situated, since 2008, in modern, purpose built offices next to the M60, Stockport and have 60 dedicated team members.


New partner at Clive Owen LLP in York

FCCA qualified Rob has more than 30 years experience in regional accountancy firms, specialising in audit, accounts, business planning and tax. As a Xero certified adviser, he has specific expertise in cloud accounting