Cockpit Effect Reports
Our latest research findings indicate that Cockpit Arts' businesses continue to report growth & have a wider impact on employment
We closely monitor our impact as a Social Enterprise and report on the development of businesses at our incubators.
With our support, designer-makers’ turnover and profits at Cockpit Arts have increased year-on-year since we introduced the incubation model in 2005.
For 2013 our designer-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.
The Cockpit Arts & Ingenious Growth Loan Fund has a zero default rate, with beneficiaries reporting sales growth of 129% between 2010 and 2013.
The Social Return on Investment study of our pilot Business Growth Loan Fund programme demonstrates that for every £1 we invest, we produce £3.36 in outcome. This is added social and economic value, including fostering entrepreneurship, confidence and motivation.
Our Creative Careers programme provides previously unemployed young people with a gateway to a professional career in craft and design. Over the past three years 12 previously unemployed young people have been provided with 12 months intensive support including craft skill and design development, as a gateway to a professional career in craft and design. 100% of these have been able to successfully start up and sustain a craft business.