20 February 2019, 9:11am
The UK’s addiction crisis is a major issues facing the NHS today. The figures say it all.
Last year saw 39,000 more hospital admissions due to alcohol-related issues than in 2009. While the Mirror has reported that the number of over-50s receiving hospital treatment after taking drugs has more than quadrupled over the same period.
The solution is to give addicts the treatment they need sooner so they don’t end up in hospital. It sounds simple but, in reality, it’s anything but.
Funding for addiction treatment is being cut by local councils across the UK. Last year, budgets for alcohol and drug treatment services were slashed by an average of £155,000, with more cuts predicted.
And traditional residential rehab doesn’t come cheap – an individual can typically pay typically between £10,000 and £40,000, for a treatment programme. It seems there’s no middle ground. But one company plans to innovate and, in doing so, hopes to redefine rehab in the UK.
Help Me Stop is a breakthrough in addiction treatment, which plans to bridge the gap between a struggling NHS and sky-high residential rehab costs.
Its day rehabilitation model (aka dayhab) has a proven track record of success in the US. The flexible program has been designed for busy lives. Open early mornings, late evenings and weekends, treatment fits around work, study or family commitments.
Costing between £2,500 and £3,000 over a five to ten-week period, the Help Me Stop ‘dayhab’ model has been developed by the Company based on evidenced based 12-Step programmes. These include Cognitive Behavioural Therapy (“CBT”) treatment, psycho-education, family programmes and input from US intensive outpatient centres that have been established and grown in many major US cities.
Help Me Stop is currently raising money to fund this vital service. Martin Sherwood, Kin Capital and a Founder Director of the EIS Association has seen “an increasing number of enquiries for ethical investments or investments with social impact” and believes the “Help Me Stop raise definitely ticks those boxes for investors. Plus of course it’s EIS qualifying”.
The first Help Me Stop centre is due to open in Acton, west London in May 2019, with the company planning to open four more sites later in the year and more in 2022.
With more investors looking for ways to invest ethically, and the investment qualifying for EIS tax-relief, the timing it seems is just right. But for many of the nation’s addicts, families and friends, the service can’t come soon enough.
If you wish to find out more about Help Me Stop, please contact Martin Sherwood at Kin Capital on: firstname.lastname@example.org.
Please Note. EIS investment are high risk investments and are not suitable for all investors. Tax treatment is dependent on individual circumstances and may be subject to change in the future. Please see Kin Capital’s full risk warning here.
The week following the end of a tax year always reminds me of the end of term and the start of the school holidays. What kind of term was it? Who did well, who did badly, how did I do?! Read more...
Unlike most other venture capital funds, Fuel Ventures encourage their investee companies to base alongside them at RocketSpace Tech Campus. Read more...
Independent review identified the barriers faced by female entrepreneurs Read more...
Tax Efficient Review scores Imbiba EIS 86/100. Find out more about this established leisure EIS fund. Capital is at… twitter.com/i/web/status/1…
“Parkwalk Opportunities EIS Fund’s investment strategy…seems to be at the centre of the Government’s industrial str… twitter.com/i/web/status/1…
OFFER OPEN - Technology & e-commerce EIS fund, offering 100% tax relief, from industry leading venture capitalist Fuel Ventures More >
OFFER OPEN - The most popular growth EIS Fund for the last three tax years, according to figures published by independent commentator Tax Efficient Review. More >
OFFER OPEN - invest in growth businesses within the Leisure & Hospitality market through Imbiba Leisure EIS More >
OFFER CLOSED - invest in a portfolio of primarily early stage SEIS qualifying companies across different sectors including digital technology, life sciences and consumer goods More >
OFFER OPEN - invest in sustainable energy companies eligible for Business Relief (BR) through Guinness Sustainable Infrastructure Service More >
OFFER OPEN - invest in a portfolio of primarily early stage EIS qualifying companies across different sectors including digital technology, life sciences and consumer goods More >