The world’s only networking and professional development hub for disability employee resource group leaders has been acquired by Scope.
The acquisition of Codsall-based PurpleSpace aims to enable it to scale up its efforts whilst being able to take advantage of Scope’s expertise and resources to drive the business forward.
PurpleSpace founder Kate Nash said: “I always anticipated that as PurpleSpace grew, it would require more investment and a smooth and thoughtful shift from my position as the founding CEO to that of a long-term ambassador.
“This transition phase is crucial for maintaining consistency, attracting more corporate members, and generating fresh ideas to further advance and expand on our remarkable accomplishments so far.
“Having begun my own journey at Scope, it feels secure and right to have come full circle to entrust the potential of PurpleSpace into their capable hands. I look forward to remaining closely involved and supporting continued success.”
Mark Hodgkinson, Chief Executive of Scope, a national disability charity, added: “Scope has been proud to be a part of PurpleSpace’s growth as a founding partner of the #PositivelyPurple movement since 2019.
“As an organisation, we know that disabled people will lead the change we know is necessary. We are determined to change the future and together, as a collective movement of disabled people we want to see how we can build a more equitable future through innovative ERGs/Networks.
“We won’t stop until we achieve a society where all disabled people enjoy equality and fairness. Our investment in PurpleSpace delivers on our values and purpose and builds on Kate’s vision.”
The transfer of ownership was supported by Talbots Law and Kate has praised the firm’s staff for going the extra mile “with their care, their commitment and sensitive dealings.”
Mike Linford, Director and Head of Corporate and Commercial at Talbots Law, concluded: “This deal represents an exciting next chapter for PurpleSpace, giving Kate and the organisation the resources and platform required to create a vital and positive impact on a growing scale.
“It has been our privilege to undertake the legal work for this deal and we look forward to seeing a remarkable business go from strength to strength with this new investment and resource.”
The team at PurpleSpace were also assisted by Jerroms Corporate Finance.
