From Scrappage


to Start-up How Tom Chance launched a social enterprise from


used cars By Alison Coleman


S


ome of the most successful new start-ups of the last few years have been social enterprises, and anyone who thinks the people


behind these not-for-profit businesses aren’t serious entrepreneurs with plans for growth and innovation needs to think again.


Like conventional businesses they need a sound business plan, a market niche and customer demand, and car scrappage enterprise Giveacar.co.uk is no exception.


Launched in 2010 by 23-year-old entrepreneur Tom Chance, Giveacar enables motorists to scrap their cars and give the money they receive, or a proportion of it, direct to a charity of their choice. A strictly non for profit outfit, it covers its costs by taking just 25% of the value of the disposal.


Chance came up with the idea when he tried to scrap his own car and found it to be a stressful and frustrating experience. At the same time, the recession was starting to make a big impact on charitable donations, so after discovering that a similar


28 entrepreneurcountry


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60