Homebaked are a co-operative bakery and community land trust, located opposite Liverpool FC’s Anfield stadium. Famous across Merseyside and beyond for their award winning pies, they are a firm fan favourite. Their ultimate aim is to invest in the local community, improving access to good food and working to create quality jobs and training opportunities.
Their growing popularity had led to more wholesale opportunities, demand began to outstrip supply. Without access to the right equipment and facilities, scaling up production would be impossible. £61,000 of investment was needed to help Homebaked meet the requirements of becoming a larger wholesale producer while continuing to grow the café, markets, training and events.
Impressed with the service they’d received, a contact at another social enterprise suggested First Ark Social Investment. First Ark Social Investment provide funding up to £150,000 and offer one-to-one support through applications and over the period of the investment. Homebaked worked with us on their Reach fund application, receiving £14,000 to create a comprehensive business proposal, enabling them to successfully apply for a grant of £15,500 and loan of £45,500.
Since the investment, Homebaked have had their busiest ever month, including trading at the Baltic Market and supplying to Liverpool Homeless Football Club’s charity Christmas stall. Opening up new opportunities through extra capital has helped build the beginnings of several valuable partnerships.
“First Ark Social Investment really took the time to understand our aims as a business and support us through our application. The process was quick and the guidance we received enabled us to build a more robust business plan. Investment has given us a chance to grow, employ more people and be responsive to the great opportunities that are coming our way.”
– Sally-Anne Watkiss, Treasurer, Homebaked