Impact Reporting for Social Investment

 Making an impact? Be clear on how to report and tell the story of your work…

 

June 2017

We are delighted to announce a brand new Key Fund workshop series, available this June, which is perfect for those of you thinking of applying for social investment but are unsure about social impact.

These FREE workshops are available across the country and will cover:

  • What is social investment?
  • Different types of borrowing
  • What is required in order to apply
  • Measuring social impact
  • Key Fund’s current funds and application process
  • Post award requirements and support

“There will also be the opportunity to spend time with the Key Fund’s friendly and knowledgable experts who can help answer any questions or concerns you might have about the world of social investment and how to secure the right kind of finance for your venture in the future”Source Key Fund media release

WORKSHOP DATES

Sheffield  – Thursday 1st June 2017  9.30am – 1.00pm
Key Fund, Riverside Works, 9-12 Jessops Riverside, 800 Brightside Lane, Sheffield, S9 2RX
Book your Sheffield place here:


Newcastle – Thursday 8th June 2017, 9:30am – 1:00pm, Broadacre House, Market Street, Newcastle upon Tyne, NE1 6HQ
Book your Newcastle place here


Manchester –  Tuesday 20th June 2017, 9:30am – 1:00pm – GMCVO, St Thomas Centre, Ardwick Green North, Manchester, M12 6FZ
Book your Manchester place here


Derby –  Thursday 22nd June 2017, 9:30am – 1:00pm –  Community Action Derby, 4 Charnwood Street, Derby, DE1 2GT
Book your Derby place here…:


Coventry – Thursday 29th June 2017,  9:30am – 1:00pm – Voluntary Action Coventry,  29 Warwick Road, Coventry, CV1 2ES
Book your Coventry place here


Please note:

Although this workshop is FREE – due to the large number of no-shows on the last workshop we now charge a £20 fee to secure your place which is refunded on attendance of the workshop.

If you do not attend or cancel your place we will have to retain the £20 to cover the cost of delivering the workshop. We ask attendees to send a cheque within 7 days of booking your place to the Key Fund offices at the following address:

Gemma Griffin, The Key Fund, Riverside Works, 9-12 Jessops Riverside, 800 Brightside Lane, Sheffield, S9 2RX

Please note if we do not receive a cheque within 7 days of the Workshop, we will have no choice but to cancel your place. Please make all cheques payable to Key Fund Investments Limited and marked for the attention of Gemma Griffin.

If you have any questions about the workshop please don’t hesitate to contact Cat Chrimes, Investment Officer cat.chrimes ( @ ) thekeyfund.co.uk or telephone our Head Office on 0114 242 8900.

Ethical business with a social dimension…
Send to Kindle

Key Fund Workshops in 2017

Investment Readiness for Social Investment

If you are an early stage social enterprise and looking towards acquiring finance to launch your enterprise, then these workshops are for you.

 Working on Social Investment with The Key Fund…

 

If you are an existing social enterprise and are actively pursuing social investment, then the latest Key Fund workshops will help you to develop your idea or grow your income.

”Key Fund’s workshops are aimed at anyone who is looking to apply for social investment and has not previously applied. The workshops will help improve understanding of what social investment is and what you need to do in order to apply. These free sessions are open to social entrepreneurs and social enterprises looking to start up, grow or develop or purchase equipment or buildings for their social enterprise through loan finance…” including:

  • What is social investment?
  • Different types of borrowing
  • What is required in order to apply
  • Measuring social impact
  • Key Fund’s current funds and application process
  • Post award requirements and support

Source: The Key Fund   Accessed – 08.02.2017

Below are details of the event locations and dates…

Leicester  – Thursday 16th March  9am – 12.30pm.
Voluntary Action Leicestershire – 9 Newarke Street, Leicester LE1 5SN

Book your Leicester place here
Birmingham  – Tuesday 21st March  9am – 12.30pm
The Signing Tree Conference Centre – Ladywood Road, Birmingham, B16 8SZ

  Book your Birmingham place here
Hull  – Thursday 23rd March  9am – 12.30pm
Centre 88, Saner Street, Hull, HU3 2TR

  Book your Hull place here

Durham  – Wednesday 29th March  9am – 12.30pm
Sjøvoll Centre, Front Street, Pity Me, Durham, DH1 5BZ

  Book your Durham place here

Liverpool  – Thursday 30th March  9am – 12.30pm
The Women’s Organisation, 54 St James Street, Liverpool, L1 0AB

  Book your Liverpool place here


If you have any queries about the Key Fund events then please contact Cathryn Chrimes – cat.chrimes (@) thekeyfund.co.uk.

The Key Fund
Riverside Works, Unit 9-12 Jessops Riverside, 800 Brightside Lane, Sheffield S9 2RX
Tel: 0114 242 8905

Ethical business with a social dimension…

 

 

Send to Kindle

IGNITE – the Big Energy Idea 2017

Back again in 2017, Ignite are again looking forward to advance investment readiness and idea development for the brightest in the social enterprise energy sector.

Advancing social impact in the energy sector – with the support of Centrica.

If you are over 16 years of age, resident in the UK and looking to develop your energy business potential…then you should apply to the Ignite Social Enterprise challenge. With investment available from betwwen £50k and £2m, then put your energy, enthusiasm and nascent business in the best place to ‘give it wings’.

You need to contact ignite (at ) centrica.com to discuss your idea and to obtain an application form. The deadline for the simple first round is 31st January, 2017.

You can see fuller details and the complete eligibility criteria here – http://ignitesocialenterprise.com/challenge/

 Icon for Adobe PDF   Download a pdf of Frequently Asked Questions here.

You’ll get support and a brilliant networking opportunity in the energy sector if you are successful. Don’t let the light go out on your idea…IGNITE IT


From the archive:

We last featured Ignite on the pages of Mining the SEEM in 2015. Check out that year’s process and previous winners for even more background.

Ethical business with a social dimension…
Send to Kindle

Key Fund’s Autumn Workshops 2016

Investment Readiness for Social Investment

We’re getting excited about Social Investment at Key Fund this autumn!

A new series of Investment Readiness workshops for those looking to apply for Social Investment. The workshops will help improve understanding of what Social Investment is and how to apply.

cropped-keyIcon.jpgThese free sessions are open to social entrepreneurs and social enterprises looking to start up, grow or develop or purchase equipment or buildings for their social enterprise through loan finance.

 

The workshops will cover:

  • What is social investment?
  • Different types of borrowing
  • What is required in order to apply?
  • Measuring social impact
  • Key Fund’s current funds and application process
  • Post award requirements and support

The workshops will be held in the following places…

18th October 2016, 10am – 1pm
Rotherham CVS, The Spectrum, Coke Hill, Rotherham, S60 2HX

26th October 2016, 10am – 1pm
17th November2016, 10am – 1pm
Nottingham Voluntary Action Centre, 7 Mansfield Road, Nottingham, NG1 3FB

Wednesday 9th November 2016, 10am – 1pm
Voluntary Action Leeds, Stringer House, Lupton Street, Leeds LS10 2QW

internetIconMiniTo see more contact details and how to book your place see our Events page here.

Ethical business with a social dimension...
Ethical business with a social dimension…
Send to Kindle

£5.5m Northern Impact Fund launches for social enterprises

 

Imaginaitive with funding, secure in it’s mission for social enterprise – The Key Fund…

Key Fund, a long-standing investor in community and social enterprises, is delivering the Northern Impact Fund, aimed at new and early stage enterprises who are seeking finance to support growth.

Matt Smith, CEO of the Key Fund, said: “With this fund we’re offering finance of up to £150k, but typical investments will be around £50k, with up to 20% of the amount available as grant. The Key Fund was one of the early pioneers in this space, and our original model was based on a grant and loan mix, so we’re really excited to be going back to that original model. It’s long been our belief that grants can play a very important role in helping new and smaller social enterprise become more robust.”

Source: The Key Fund web site – thekeyfund.co.uk  Accessed 25.09.2016

A new blended grant and loan fund, the Key Fund package looks to secure sector deals in the £5,000 to £150,000 range. Applications are accepted from across the North and Midlands, with the Fund looking to realise 46 deals a year.

At a flat rate of 6.5% interest, the average loan term secured is expected to be three years.

Interested in business development on these terms, as a social/community enterprise.  See the links below…

Find a full copy/Press Release about the new fund here

Find a full grant/investment profile for the new Fund on-line here

Ethical business with a social dimension...
Ethical business with a social dimension…
Send to Kindle

Think Enterprise!

A new magazine, Think Enterprise, from the IOEE.

‘The Institute of Enterprise and Entrepreneurs has been over 15 years in the making and exists to make sure that all those involved in enterprise are able to access the support they need, when they need it’.

Whether your interest lies in tracking SFEDI Centres of Excellence or in developing apprenticeships and wider learning in business, then Think Enterprise has something of interest for you.

Be sure to check out pages 16 & 17, with their 2016 Enterprise Awards almost upon us, if only to read of the developmental success of others can in itself an inspiring and confidence building thing as you grow your own business, whatever sector you are in.

You can find the IOEE on-line here.

Ethical business with a social dimension...
Ethical business with a social dimension…
Send to Kindle

Social Saturday – coming in October

Social Saturday Badge - image
Find out more…

Will you be ready for Social Saturday this year again? A date for your diary, 15th October 2016.

A whole day dedicated to the promotion of, awareness raising about and the engagement with new customers, clients and service users.

Get your Social Enterprise in full broadcast mode with the readily downloadable Media Pack from the Social Saturday web pages. A great resource.

Check our the ideas for promotion, templates for everything from press releases to a letter to your MP or elected members to give  your enterprise a boost, support Social Saturday in 2016.  Celebrate the work of your community with invited guests. Makes great copy!

emailIconMiniYou can always support the team at Social Saturday and add interest to your own energetic promotion by emailing news of your events or occasions to socialsaturday@socialenterprise.org.uk

Give your enterprise a boost, support Social Saturday in 2016.

Ethical business with a social dimension...
Ethical business with a social dimension…

 

Send to Kindle

Social Investment by Charities

 Making a social investment as a charity?

 

The Charities (Protection and Social Investment) Act 2016 (’the 2016 Act’) introduces a new statutory power for charities to make social investments. This came into force on 31 July 2016.

The Charity Commission have released yesterday interim guidance to charities to cover this new development in financial matters. The interim information is due for review in 2017, but the Commission are keen to underscore, for trustees, the power trustees now have to make ‘social investments’.

Below are some useful definitions and links to more information on this theme for those involved in charty governance and finance.

What is a ‘social investment’?

‘In the legislation, a ‘social investment’ means a ‘relevant act’ of a charity which is carried out ‘with a view to both directly furthering the charity’s purposes and achieving a financial return for the charity’.

A ‘relevant act’ means one of two things:

  • an application or use of funds or other property by the charity; or
  • taking on a commitment in relation to a liability of another person which puts the charity’s funds or other property at risk of being applied or used, such as a guarantee’

Source: Gov.uk Publications – Chariities and investment matters  See https://www.gov.uk/government/publications/charities-and-investment-matters-a-guide-for-trustees-cc14/charities-and-investment-matters-interim-guidance   Accessed 01.08.2016

What is not a social investment?

‘A financial investment is an investment made solely for the purpose of achieving a financial return for the charity.

A programme related investment (PRI) will not be a social investment unless the financial return to the charity forms part of the motivation for the charity making the decision to carry out the relevant act.’

The guidance issued goes on to review trustees’ general duties, the statutory restriction imbued by the 2016 Act, as well as the use of a charity’s permanent endowment processes.

In conclusion there is a succinct section of caution on the giving of ‘guarantees’. The guidance does recognise, however…

‘If a charity is asked to give a guarantee, the trustees will need to consider carefully whether they have the power to give it. The power to make social investments includes a power to give guarantees if they meet the definition.’

You can find the new Social Investment guidance on-line in full here.

Another section of the Commission web site offers the visitor downloadable documents and advice  – Charites and Investment Matters: a guide for trustees (CC14)

The documents are available in html or as pdf’s for review and download.

Ethical business with a social dimension...
Ethical business with a social dimension…

 

Send to Kindle