How Incubation Works
In addition to affordable workspace we offer an array of support services to help you grow your business whilst you develop creatively.
We closely monitor our impact as a Social Enterprise and regularly report on the the wider impact of our services.
“Great to see such constructive objectives and ambition rippling through the organisation and with great partners too”
– Katrina Cruz, Investor Relations, Clearly So
In addition to raising profile, with our support, makers’ turnover and profits at Cockpit Arts have increased year-on-year since we introduced the incubation model in 2005. In 2013 our makers reported an average turnover of £35,936 and average profits of £9,761. These both compare favourably with the national average figures reported by the Craft Council for 2012 of £23,485 and £6,231. In 2014, makers reported an average 22% increase in turnover and 54% in profit on the previous year and 8 new jobs were created including 3 Apprenticeships.
A Social Return on Investment study on our Access to Finance scheme – currently The Cockpit Arts / Ingenious Loan Fund; previous in partnership with Esmée Fairbairn Foundation – showed that for every £1 invested, we produce £3.36 in social outcomes. (A total of £179,380 lent to date).
Cockpit Arts is in the top 5.4% of organisations in the NATWEST SE100 index for measuring and demonstrating social impact.
Based on the Cabinet Office’s Unit Cost Database the annual saving to the public purse as a result of Cockpit Arts employment programmes is around £425k.
Since 2014, our Creative Employment Programme has enabled 18 business owners to recruit 3 paid apprentices and 12 paid interns.
Our pilot Apprenticeship programme launched in January 2016 has so far allowed three textile businesses to provide an apprenticeship opportunity to 16-24 year olds who are non-graduates.
Of the 16 young people participating in The Prince’s Trust Creative Careers programme after the pilot year, 100% have been able to successfully start up and sustain a craft business.
In 2010 Cockpit was awarded the Social Enterprise Mark in recognition of its social and economic achievements to date.
Vanessa Swann, CEO, was awarded the Arts & Business Garrett Award in 2010 for outstanding services for encouraging business support of the arts through the creation of a sustainable business incubator for the creative industries.
In 2015 Cockpit Arts was awarded The Radcliffe Trust Balfour of Burleigh Tercentenary Prize for Exceptional Achievement in Crafts.
Cockpit Arts won the CC Skills Craft Skills Award 2016 with team members Imogen Gray and Dana Segal recognised for their work in creating entry routes into craft.
Social Impact Studies
As a social enterprise, Cockpit Arts is committed to tracking the wider impact of our employment creation services. In 2014 we commissioned a Social Impact Study for two of our key initiatives: Creative Careers and the Creative Employment Programme.
The Cockpit Effect
Annual reviews with our studio holders allow us to collect tangible data to confirm how their businesses are developing over time, and the role that our incubation model plays in supporting that growth.
This data is published as the Cockpit Effect, giving both a snapshot view of our community of designer makers and an insight to trends that we observe over time. It also details the results of the various interventions that we have used.
Our past Annual Business Review reports are available to download here. For a full copy of these reports or to find out more about our research work please email firstname.lastname@example.org. We plan to continue research over the long term and welcome comment, feedback or collaborations from other individuals and organisations in the field.