Speedpak Group operates commercial businesses (Speedpak Contract Services www.speedpak.ie and Shamrock Rosettes www.shamrockrosettes.com) to support long term unemployed people get back to work by providing real work experience, accredited industry training, mentoring and tailored supports. The combination of trading and training transforms lives. Matching local talent with available jobs provides trainees with greater financial independence through employment and job resilience, and through education and training.
Capital investment of €62,384.36 through the Dormant Accounts Fund Social Enterprise Measure, which Pobal manage and administer, was provided to Speedpak for the purchase of new plant machinery.
Impact of funding
The funding provided through the Dormant Accounts Fund enabled Speedpak to purchase two new forklifts, replacing a second hand 12 year old Yale 3-Wheel model that was no longer fit for purpose. The new forklifts provide additional functionality and safety features that are more in line with a modern workplace and Speedpak’s growing commercial requirements. One of the new forklifts is a Yale 4-Wheel that provides greater transport options in and around their premises in the Clonshaugh Business & Technology Park, Coolock, Dublin 17.
In 2017, the company provided 71 work experience and training opportunities to people on labour market programmes, Community Employment and TÚS. The additional forklifts has enabled Speedpak to offer supervised practice by Team Leaders (core CSP funded staff) to training staff who have successfully obtained their forklift licences. This positive outcome enabled15 training staff to secure their forklift licences in 2017.
Speedpak’s commercial business is projected to grow by 20% over the next three years. To facilitate this growth, an additional adjoining industrial unit was secured and now operates with 16,000 sq ft available floorspace. As a direct result of the funding provided to Speedpak through the Dormant Accounts Fund, Speedpak was able to employ 1 full time staff member and maintain 12 part-time positions.The Dormant Account Fund investment will continue to support the growth and social and economic success of Speedpak.