Allia supports over 100 ventures in East London in its first year and helps to create jobs

Allia Future Business Centre in Hackney – opened in June 2017 – offers incubation and acceleration space for small businesses, to support economic growth and local job creation within East London

In just one year, Allia Future Business Centre based in Hackney can boast that it has supported over 100 ventures, creating new jobs in East London. The centre is the fourth Future Business Centre opened by Allia, an independent not-for-profit dedicated to helping impact organisations and initiatives to thrive. From each centre, Allia runs its Serious Impact programmes which are designed to help entrepreneurs innovate, grow and scale. All ventures that join the Hackney programmes are either based in East London or are working for the benefit of East London, and all are committed to growing their businesses with a view to creating jobs for local people.

Celebrating this one-year anniversary at an engaging seminar recently, Allia was joined by JPMorgan Chase whose support helped launch the East London Future Business Centre. Entitled ‘Collaborating for change: how can we better support impact organisations in delivering an inclusive economy’, the event included a key note address from Janis Bowdler, President of the JPMorgan Chase Foundation, who showcased their work in US cities in driving inclusive economic growth. Philip Glanville, Mayor of Hackney also presented focusing on similar place-based initiatives in Hackney and East London.

Allia CEO, Tim Jones opened the event highlighting Allia’s involvement in East London helping charities create greater impact since 2002 and underlined the continuing need for public, private and non-profit sectors to further collaborate and help solve economic exclusion in the local community. The lively panel discussion, which also included Professor Henrietta L Moore, Director of the Institute for Global Prosperity at UCL; and Rob Trimble, CEO of the Bromley By Bow Centre, raised the need for more local employment opportunities and Allia Managing Director of Business Viability, Caroline Hyde emphasized how venture creation and business support were vital in job creation.

On opening the Future Business Centre in Hackney in June last year, Allia launched a specialist East London incubator – an equity free programme to help local entrepreneurs innovate, grow and scale, and a new cohort has just started the next incubator. Over the year, two accelerator programmes were also run for more established businesses to grow and create new jobs in Hackney and Tower Hamlets.

Tim Jones, Allia CEO said, “Allia has always understood the importance of collaborating for change – we have learnt through 20 years’ experience that working together is what creates thriving communities and enduring solutions. I’m delighted that one year on, through working in partnership with JPMorgan Chase, the Allia Future Business Centre in Hackney is already helping to empower those creating a better tomorrow, delivering positive impact and job creation in East London.”

Janis Bowdler, President of the JPMorgan Chase Foundation, said, “At JPMorgan Chase we are actively working to drive inclusive growth in cities around the world.  It has become clear that helping create greater economic opportunity is not simply the right thing to do, it is in our self-interest. No business can outgrow the economy of its communities. Companies can and should draw on their full range of resources and apply them in ways that support and accelerate cities’ efforts to catalyse mobility for their residents.”