AN EXTRAORDINARY FIVE YEARS
It was five years ago that Ren Kapur met with Rt.Hon the Lord Young of Grantham to discuss the foundation of X-Forces Enterprise to support members of the Armed Forces community transition through business.
On the 10th October 2018, in celebration of the organisation’s fifth birthday, Ren and Lord Young opened trading at the London Stock Exchange alongside the Secretary of State for Defence, Rt Hon Gavin Williamson, and CEO of the London Stock Exchange, David Schwimmer, amongst numerous other guests.
There is an ethos and set of values by which the military community live and work; leave no one behind and work together as a team. Likewise, in the XFE community, established and growing businesses provide the next generation of support. Stakeholders build on this with valuable knowledge exchange to create a circle of success. Now five years old, XFE is evolving and scaling too, in unison with beneficiaries, creating new opportunities. In this last year we have supported XFE businesses with new learning forums and big business partnerships to grow locally, nationally and internationally. At this milestone moment of our fifth anniversary, I want to celebrate the thousands of beneficiaries we've supported. It is their tenacity, endeavour and desire to succeed that drives XFE forward day-by-day and year-on-year.
X-Forces Enterprise is now an award-winning community interest company that has supported 1282 people from the Armed Forces community into entrepreneurship and lent over £12.5million in seed funding. XFE beneficiaries have a 93% success rate of micro funding and 28.9% female members make up the complete cohort.
The fifth anniversary marked an ideal threshold to capture this progress in the organisation's first report: X-Forces Enterprise Activity Report 2017-18
From the very beginning we have received the support and collaboration of some of the United Kingdom’s leading companies which has enabled our new entrepreneurs receiving not only the support but the knowledge that is so essential to success. Indeed it is the partnership between large companies and our start-ups that has been the secret of our success along with the enthusiasm and determination of all involved with XFE. It is becoming increasingly apparent, as the years go by, that the enthusiasm and enterprise of those men and women leaving the Armed Forces, together with their spouses, is there to be harnessed to the benefit not only of the individuals concerned but to our nation as a whole.