Our Funding
We are delighted to announce our five initial funders, each plays a key role in helping us to develop phase one of the project and turn Juno from an idea into a working organisation with operational homes.
Wirral MBC have kindly provided a social investment of £1m to support us in establishing our working capital. This is being supplemented by a further £800k of social investment from Liverpool City Region Combined Authority.
The National Lottery have provided grant funding of £250k over 2 years to fund both top line project outcomes including our independent project evaluation and associated shared learning and further focus on accessing additional investment and funding. In addition, they have funded key aspects of our operational model to develop an approach and invest in co-production with care experienced young people and costs associated with Social Pedagogy learning and development programmes for the full Juno staff team.
The Segelman Trust have donated £75k over 3 years and the KPMG Foundation £300k over 3 years for unrestricted development support. Both these grants will allow us to both invest in quality teams and buildings from the outset with a particular focus on acting quickly on those areas we’ve identified as important to make Juno successful.
The financial model
Modelled on rental of properties to ensure
quick mobilisation from the outset,
followed by purchase.
Staff are paid higher wages than average market rates.
Significantly raising quality of care,
whilst still maintaining a competitive price per bed rate that is in
line with the market average.
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By Year Three, up to 16 placements will be available across our homes, which is 4% of the local market. By Year Seven, this will increase to 40 placements and over
12% of the local market.
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Phased approach, with 4 homes operational in Phase 1 (2022-24) linked to kick-start investment. Phase 2 will see a further 6 homes opened, learning from previous phase and linked to
surplus reinvestment.
Assuming repayment of finance at 5-7.5%.
Reach break-even position by Year Three, with surplus of 4-10%
thereafter (Phase 1 alone).
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We’re always interested in talking to single or blended groups of socially conscious investors and grant-makers. We want to work with people and organisations who are excited by this opportunity to make a real difference to children in care and are able to help further develop Juno with working capital and/or property investment.
We would love to explore how we could partner with you to bring Juno to life for children and young people in Liverpool City Region. Please contact Paul on 07764 748373 or at paul.simon@wearejuno.org to begin the conversation or for more information.