Tag Archives: funding

£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

Send to Kindle

Cabinet Office – Social Investment Awards

 Investing in UK social business…

The Cabinet Office Social Investment Awards recognise the impact social investment is having on communities across the UK.

Now entering its second year, the awards highlight the innovation and dedication of world leading social investors and enterprises, celebrating both the achievements of teams and individuals alike.

The awards are supported by NatWest. In 1999 the bank set up its own charity, Social & Community Capital, to help fund social enterprises and community lenders that cannot access mainstream finance and to help them on their path to the financial mainstream.

The awards have six categories that applicants can enter, free of charge, by nominating their own businesses or social enterprises.

Institutional Social Investment Award
Institutional investment deal or product that has created demonstrable social impact at scale.
New Social Investors Award
Investment deal or product that has attracted new savers and investors into the social investment market.
Social Entrepreneurs Investment Award
Investment deal into an early stage social organisation to create demonstrable social impact.
International Social Investment Award
International investor who has invested through the UK market to create social impact anywhere in the world.
Market Building Award
Organisation that has demonstrated innovative and diverse ways to grow the social investment market in the UK.
Public Service Transformation Award
Social investment deal that has delivered improved public services.

Categories 1-3 and 5-6 are open to nominations from England, Scotland, Wales and Northern Ireland. Category 4 is open to individuals or organisations based anywhere in the world.

The awards close to applications on 18 March 2016. Short-listed nominees will be notified on 1 April 2016 and the awards ceremony will be held in London on 3 May 2016.

For more information see the Cabinet Office Social Investment Awards website.

Send to Kindle

Innovation in Business – how to do it?

There is a new course, just released on Future Learn, which teaches you the basics of business innovation in any environment. Future Learn offers free courses on-line, many of which can add certificated outcomes to your professional development learning.

The Social Business sector is all about innovation, in financing, in management and in operational delivery – all with strong social value and outcome in mind.

Innovation: The Key to Business Success can help you achieve these goals for yourself. Wherever you fit in your organisation.

‘Understand commercial innovation, how ideas emerge and become reality, with this free online course developed with Marks & Spencer’ – The University of Leeds.

The course starts in June 2015, plenty of time to subscribe for the course content and bring your innovation skills to the fore. See how to enrol here…


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

Venturefest
East Midlands
April 14th, 2015

Venturefest East Midlands will take place on Tuesday 14 April 2015 at the East Midlands Conference Centre, Nottingham. There will be many opportunities to showcase achievements, network and build new business skills before the event, through activities and resources…including’:

  • Advice and support for all things business and innovation
  • Access and information about Open Innovation contracts throughout the East Midlands
  • Workshops on pitching to investors for investment ready businesses and entrepreneurs
  • Direct networking opportunities with the dedicated Venturefest app

Importantly for SEEM, we will be delivering the Social Business Hub offer, giving you insights into the Social Business sector.

As well as giving you a chance to meet and network with businesses already active in this emerging sector, The Hub can be instrumental in helping you to formulate your new social business idea, or to pivot an existing business strand into delivery on social terms.

The Hub will contain a variety of Social Business practitioners to share ideas with and seek support from, if required, including…

Arch Communications
Choice Unlimited
Food Freedom
Nottingham Social Impact Fund
Playworks
SmithMartin Partnership LLP

Join Roger and the SEEM team at Venturefest East Midlands. Call in on The Social Business Hub, take part in the workshop events and start exploring your new Social Business venture.

internetIconMiniYou can download the Venturefest app here. See you on the 14th…

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

Elvaston Castle, development Chair sought…

Elvaston Castle and Country Park, in Derbyshire, has been working to establish through consultation, with a wide variety of communities of interest and partners, a clear ‘vision document’ for the Castle.

This has been achieved and now the Castle is looking to appoint a Chair of a new advisory Development Board, to prepare the estate for the next phase of its sustainable future.

Working with The National Trust, Derbyshire County Council have delivered a profile and terms of reference for the new Chair and the Development Board.

internetIconMini You can see the original recruitment documents on the web pages of Everything Elvaston Castle here.

This Community Interest Company  (CIC) has been established to play its own partnership role in developing and broadcasting news and information to the Elvaston community and its hinterland.

(Roger Moors of SEEM, has through his work with the community and DCC, as well as the Elvaston team, been instrumental in the creation of this new inclusive community presence, designed to inform everyone about the new future for the Elvaston Estate).

internetIconMini  You can discover more about ‘The Future of Elvaston’ on the web site www.futureelvaston.co.uk here.

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

Social Finance and Human Capital

Roger H. Moors and Justin Beresford have recently published a new paper on Social Finance and Human Capital: the case for social investment in higher education. The paper presents an interesting argument, namely, that higher education offers the opportunity for private investment and hence that human capital can be viably classed as an investible proposition.

Read the full paper here...
Read the full paper here…pdf

This is a new model of education. Making the process of investment in human capital a social finance initiative, which might offer tax incentives for pension fund investment, whilst reducing state spending on H.E. The model could offer real wage increases over time, enhancing the fiscal strength of generations in the future.

The abstract:

“The markets for both education and retirement planning are characterised by market failure and hence are dependent on state intervention. However, an ageing population and a commitment to make university the norm for most young people have led the state to withdraw wholesale funding.

This paper discusses the potential for social capital to be used as a funding mechanism for university tuition. A solution is outlined in which investor’s pension contributions are used to fund university tuition. Graduates pay a higher marginal rate of tax over their working lives and contributions are drawn down by retirees from these repayments. Wage growth over time, motived by induced investment in human capital, means that each successive generation is able to recoup more than it put in.

The external benefits outlined allow the facilitating institution to be classified as a social enterprise and hence investment is motived by tax incentives as well as the promise of high private returns”.

The argument:

This is a timely paper. With some £9 billion spent on higher education in England, student debt and the future shape of university finances all currently in debate. It has been mooted that universities might, for instance, buy the student loan debt of their own students. Much criticism has been engendered, however, as some suggest this will lead the institutions to only take on low risk students from wealthy backgrounds. Further promoting social divide and a non-inclusive higher education process, as they reap the later financial benefits of students taking up highly paid careers as their lives unfold.

The Moors/Beresford thesis holds that benefits can be accrued from the creation of a ‘savings pension pot’, which could be used to fund university tuition fees. The model for a fully funded scheme sees investor savings used to invest in university tuition fees, rather than being invested in financial market instruments.

The graduating student will repay their tuition fees by accepting a higher rate of marginal income tax over a fixed number of years. The Moors/Beresford multiplier would kick in if the ‘…rate of growth of participating students earnings continuously outgrows interest rates’, leading to a continuously rising scale of skill and economic productivity to foster more growth for future generations.

Read the paper, join the debate, support a new model of education for future generations.

About the authors of this proposition:

Roger Moors is CEO at SEEM (Supporting Social Business) based in Nottingham. Researching the development of new models and applications for ‘social finance’ across a range of social and environmental issues.

Justin Beresford is an economic adviser at the Malagasy Ministry of Finance Department for Budget Programming and Coordination. He was an assistant economist at the UK Ministry of Justice (Analytical Services Directorate).

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

Don’t forget Good Deals 2014

Registration for the Good Deals conference taking place on the 24-25th of November 2014 at 30 Euston Square London will close on Wednesday the 19th of November.

Our partners Matter&Co are once again organising the UK’s biggest gathering of social entrepreneurs, civil society leaders, corporates and social investors.

Keynote speakers include Jacqueline Novogratz, Vince Cable, Safia Minney and Liam Black. Please visit http://www.good-dealsuk.com/ to book your ticket online and for programme and venue details.

As a partner to the event we are delighted to offer all of our members a 25% discount ticket to the conference using the promo code SEEM14.

If you can’t wait, give a member of the team a call on 02085338892.

We are really excited about this year’s event and we will be there in full force. We hope to see you there too.

Send to Kindle