Place Category: Business Services
The Millfields Community Economic Development Trust (Millfields Trust) has been set up to enable local people to contribute and manage the regeneration of the Stonehouse neighbourhood in Plymouth. Our core business is rental of commercial premises across two sites in the Stonehouse neighbourhood. In total we are responsible for over 130 business premises, ranging in size from 120 to 1600 square feet.
In the spring of 2000, we took responsibility for three buildings on the site of the former Naval Hospital, now called The Millfields. Within 15 months we achieved a 100% occupation level, having let all premises.
As a result of this success the Millfields Trust was asked to manage the former Jaeger clothing factory in Union Street, now called the HQ Business Centre. This offers a further 43 business premises suitable for small to medium sized businesses. Stonely Court, The Millfields, is our own freehold asset. Completed in the summer of 2007 the building offers a further 10,000 square feet of commercial space to the Millfields Trust’s portfolio.
2015 introduces Genesis, our new state-of-the-art building situated on Union Street which offers an additional 33 new office spaces. In particular the Millfields Trust provides a platform to enable small and medium sized business to grow and develop. A package of measures including, high quality affordable accommodation, flexible tenancy terms and adding value to the tenancy are used to attract and support business. In return companies employ local people, purchase in the local community and provide goods and services. Employment is one of the key factors in revitalising a community and improving its long-term prospects. The Millfields Trust is contributing to the regeneration of the Stonehouse neighbourhood and the city by focusing on job creation and the development of business.
Social Impact Declaration: Social-Impact-Declaration_Millfields-Trust.pdf
Social Impact Statements:
Social Impact Statements
The Social Enterprise Mark criteria includes a requirement that the applicant can demonstrate that social and/or environmental objectives are being achieved.
In support of this, new applicants and renewing Mark holders must submit Social Impact Statements that summarise their headline activities and achievements, helping show how they are striving to make a difference and stand up to scrutiny of purpose as a social enterprise.
Updated March 2017
1) Supporting small businesses and local residents
Millfields Trust's core business is the letting of business accommodation. The trust supports 94 companies, charities and Social Enterprises and provides meeting rooms that are used by tenants and the wider community.
The Trust has in place a business support programme offering advice and support in a number of areas, marketing, accountancy, legal, HR and business support. In the last year the Trust has supported 10 companies, charities and Social Enterprises from the PL1 area ( our area of benefit).
During the financial year 2015/16 the Millfields Trust has invested £45,000 to support work with the residents of Stonehouse. This includes investment in the Widening Horizons programme, the Horizons project, Stonehouse Action, Child Poverty Action and St Georges school.
2) Working for the benefit of the local community
The Widening Horizon project supported 120 young people from Stonehouse during the academic year 2015/16 and is supporting 180 children in the year 2016/17. The project has been enabled to run two event for families of children that have reached over 70 parents of children at local schools.
The Trust has also supported the Union Street party which is attended by around 1,000 people in September 2016, and has supported the work of the Horizon project that enables young people to access sailing.
We estimate that our 94 tenants between them employ over 300 people. Our conference rooms have supported 10 community groups in the last year.
3) Raising the aspirations of young people
We measure the impact on young people via a survey completed at the beginning and end of the Widening Horizons programme. The aim of the programme is to link the world of work to that of education and to lift the aspirations of young people. Our long term hope is to make a sustainable change to Stonehouse and inspire young people to become enterprising and entrepreneurial.
The programme is having a real impact on young people with those taking part having increased their knowledge of the work of work and job opportunities available, and schools noticing the increase in motivation and improvements in behaviour. The programme is also reaching out to parents who have been notoriously hard to engage. The graduation of the children in July 2016 attracted around 90 parents to the event.