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Social Investment - what we look for

Social Investment - what we look for. Caroline Forster Adventure Capital Fund (Social Investment Business Group). The Social Investment Business Group. Our funds.

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Social Investment - what we look for

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  1. Social Investment - what we look for Caroline Forster Adventure Capital Fund (Social Investment Business Group)

  2. The Social Investment Business Group

  3. Our funds • Communitybuilders - £70m fund investing a mix of loans, grants and business support in neighbourhood-based community-led organisations planning to be more sustainable through community regeneration projects • Investment and Contract Readiness Fund (OCS) - £10 million fund to help social ventures prepare themselves to raise additional social investment and/or to run public services • Community Assets and Services Grants (Community Right to Challenge and Community Ownership and Management of Assets )- £27m grants fund for organisations wanting to bid to deliver public services or take on community assets • Social Enterprise Investment Fund (DoH) - £100m fund investing in organisations delivering health and social care outcomes, especially those looking to deliver innovative solutions • Social Action Fund – (OCS) £20m grant fund aimed at inspiring organisations to create new social action opportunities through people giving time, money, or assets, knowledge and skills • Futurebuilders (OCS) - circa £200m, promoted third sector involvement in delivering public services • ACF Main Investment - £12m invested in community enterprises

  4. What we’ve learned • Social investment is a new and yet emerging marketplace • Engaged investor approach • Loans as a tool for sustainability • range of purposes • all stages of lifecycle • tailored to individual needs and designed for affordability • patient capital • role of security • Business support and capacity building

  5. What makes a good investment • A clear investment proposal • Experienced board and senior management • Business planning and strategy • Track record of achievement and in good financial health • Effective financial reporting, controls and projections • Social impact

  6. Alt Valley Community Trust (AVCT) • Large Liverpool-based community anchor in deprived area • Own and manage a number of community facilities in the neighbourhood providing sports facilities, vocational training, adult education, community catering, building maintenance, environmental services and a farm. • Delivers wide variety of public service contracts including health and education • AVCT and sister companies employ over 80 staff, provide 45 paid training opportunities and have combined turnover in excess of £3m • Investments from ACF, Futurebuilders, Communitybuilders and SEIF – enabled purchase and refurbishment of local sports centre, creation of dedicated training centre and catering training facility, purchase and refurbishment of a disused convent to expand training on offer

  7. Hebden Bridge Community Association (HBCA) • Community based charity in Hebden Bridge in Yorkshire • Local town hall which was the previous supplier of many of the community services was at risk of closure after Calderdale Council re-organised. • HBCA worked to undertake an asset transfer of the town hall which was achieved in 2010 • Received a Communitybuilders feasibility grant to develop plans for extension and refurbishment of the building • Communitybuilders then made a main investment of £2m (loan and grant) to undertake the work, also ERDF funding • Building works are underway and when complete the town hall will offer community meeting rooms, units for start-up and developing businesses, office accommodation for Council services and event space.

  8. Contact details www.sibgroup.org.uk/ enquiries@sibgroup.org.uk Tel: 0191 261 5200

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