Mutual Ventures

Case studies

NHS – Spiral Health

 spiral-health-logo

Spiral Health was formed on the 1st of April 2012, becoming the first independent Nurse-led social enterprise in the UK to spin out of the NHS (having previously been a part of the Blackpool Teaching Hospital NHS Foundation Trust). Spiral operate as a Community Interest Company, delivering intermediate care and rehabilitation, most often to older patients who have been discharged from hospital following surgery, with the aim of supporting them through the rehabilitation process to allow them a safe return to their homes.

Mutual Ventures and Spiral Health have been working together, through the Investment and Contract Readiness Fund*. This has focused on helping the organisation to bid for a range of intermediate care services in the Blackpool, Fylde and Wyre area, as well as helping them assess the viability of purchasing their operating premises. We have worked closely with the team on the preparation and review of tender submission documents, including: assessment of contract requirement; drafting and review of tender questions responses; and assisting with the preparation of financial forecasts.This support has resulted in them winning a new contract in Preston which represents a significant step on the road  to diversifying their income streams.

Andrew Laird, Mutual Ventures Director: “Our work with Tracey Bush and her team at Spiral Health has been very rewarding and has further developed our understanding of the health commissioning landscape and its inherent complexities. Alongside our support to Social adVentures, this has also given us a great understanding of the challenges public service mutuals can face when looking to raise finance to make an asset purchase.”

 *The ICRF fund is now closed but similar support can be accessed through the Social Investment Business’s Big Potential Advanced Fund. Mutual Ventures are approved providers to this fund.

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