Equinox Care joins the Social Interest Group for greater strength

Posted by on 1 October 2014 | 0 Comments


Equinox Care joins the Social Interest Group today, in a move to build organisational strength and increase development opportunities.

The Social Interest Group (registered in England No. 9122052; Charity Commission No. 1158402) has been developed by Penrose Options, a provider of social care services. It brings together organisations with similar missions and complementary services, offering greater strength to all subsidiaries.

The founder members of the Social Interest Group are Penrose Options, Equinox Care and Penrose Works Ltd. These organisations provide support, care and accommodation to people with a range of needs including: mental ill health; history of offending; alcohol and drug dependence; homelessness; and people who have experienced sexual exploitation.

Equinox had been seeking the best solution for building resilience, whilst ensuring the organisation could retain its uniqueness, including the Equinox identity, expertise and service offerings. The ideal solution has been provided by joining the Social Interest Group.

The Social Interest Group will serve member organisations and others wishing to join, by supporting the individual Boards, providing back office services, implementing group-wide quality standards, as well as having shared financial capacity, marketing and development resources.

Gill Arukpe, Group Chief Executive of the Social Interest Group, said: “The Social Interest Group was born out of two likeminded charities coming together. Competition in the sector was increasing with more charities chasing less funding. We looked at options to help with capacity building whilst reducing costs. Our agreed aims in establishing a new way of managing charitable businesses were: to ensure we remained competitive; to ensure we could meet the aims of our charities; to help more people; and to develop our staff and volunteers.

 “This is an exciting venture whereby the charities and organisations involved keep their individuality and cultures whilst continuing to grow; at the same time, they reduce their back office costs.”

Bill Puddicombe has stepped down from his role as Chief Executive of Equinox Care. Bill played a leading role in developing the relationship with Penrose Options, then overseeing the transition period resulting in Equinox successfully joining the Social Interest Group.

Bill said: “Equinox Care is an organisation with a great track record in working with people who are excluded. Equinox service users, staff and other stakeholders were keen that the organisation is secured for the future. In the current environment, joining the Social Interest Group is a way for Equinox to do that. Equinox will continue providing our innovative solutions in our unique way, while benefiting from the security of the larger group. This is a great way forward for the organisation, its beneficiaries and the communities that Equinox Care serves.”

For more on this story, please see article in Civil Society.

For further information about the Social Interest Group, please contact Group Chief Executive, Gill Arukpe, on 020 3668 9270.

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