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Local Business Support in Southwark: Delivering Social Value and Economic Impact

Southwark Pioneers Fund event

Hatch Enterprise has been working with Southwark Council through the Southwark Pioneers Fund (SPF) since 2022. Throughout this time, we’ve provided almost 4000 hours of support to businesses based in the borough, from pre-revenue businesses to micro-businesses with multiple members of staff. The outcome? Clear social value and economic impact.

Picture taken at the Hatch office in Walworth during Demo Day for our inaugral Food and Beverage Accelerator programme for Southwark-based businesses.

Investment back into the borough: 

Throughout the duration of our partnership, £203,634 in grants has been awarded amongst thirty three Southwark Pioneer Fund graduates. Investment in local SMEs acts as a catalyst for growth for local enterprises.

101

Jobs Created

389

Jobs safeguarded

 

The Southwark Pioneers Fund has helped ensure the growth of my business over the next few months and years. I have the utmost gratitude for the hands-on support from Southwark Council and Hatch Enterprise.

Emeka Kuizhi Otagburuagu, Founder of Black Cowboy Coffee

Why is localised business support important?

Our partnership with Southwark Council has shown what’s possible.

Localised business support ensures that businesses receive the tailored guidance they need to thrive within their specific economic, social, and geographic contexts. For example, in boroughs like Southwark, 96% of businesses are micro-businesses. Hatch Enterprise’s provision of hands-on, locally-informed support help these enterprises grow, diversify, and create measurable social value and economic impact in their communities.

The success of local businesses have a plethora of positive impacts on that local community. 

  • Employment & wellbeing: Firstly, thriving local businesses boost employment opportunities and increase collective sense of wellbeing for communities.
  • Economic growth: Increased revenue by local businesses increase tax revenue that the council can reinvest across the area.
  • Social impact: Lastly, social enterprises successfully tackling localised problems can drive positive outcomes for those facing additional barriers to accessing food, housing, education, employment, or healthcare.

Key outcomes:

37% of Southwark SMEs who took part in our Accelerators in 2023 have now expanded into new markets:

Local Authority Education

Hatch graduates have been awarded procurement contracts with Southwark council to deliver efficient, effective education for the Southwark community.

Addition of new products and services

For many food and beverage businesses, the addition of new products to diversify their income can play a key role in managing down periods. Therefore, throughout our Accelerator programmes, we give space for founders to explore potential new streams of income.

Securing grant funded projects

 

For social enterprises, grant funding can offer a safety net to trial new ways to work towards their mission. The combination of our programme, demo day, and grant giving process at the end gave all participating founders the opportunity to hone their skills and practice applying for grants.

Hear from our founders

Working with Hatch

Hatch Enterprise works in partnership with local authorities and partners to design and deliver social value through our business support programmes. Our approach combines deep founder support with measurable outcomes, making us a trusted delivery partner for those seeking sustainable economic growth and community impact.

Working with Hatch has been invaluable. They help us to reach businesses that really need the support and equip them with the skills, knowledge and networks to thrive in the current climate.

We’re really pleased that our partnership with Hatch has made the Southwark Pioneers Fund: Grow Your Enterprise programme such a success.

Meghna Bhattacharya
Senior Strategy Officer, Southwark Council.

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