Social Impact Bond Fund
As a follow on to my last post about payment by results, here’s an investment fund that may interest you. Bridges Ventures has its own Social Impact Bond Fund. This payment by results financing is available to charities and social enterprises that have:
- A clear social mission.
- A strong management team.
- The ability to deliver high impact social programmes.
- The ability to robustly monitor and manage the social outcomes delivered by these programmes.
Up to £3 million is available for each social programme. However, this is an investment. It is not a grants programme or a bank loan. The financing is available to support, early stage interventions into areas such as:
- Education, employment, housing and care for vulnerable young people.
The investors are keen to see a professionally run board of trustees who clearly demonstrate their adeptness at handling strategy, business models, operations, finances and legalities.
I suggest that you spend time getting on top of these issues if you are seriously thinking of this investment opportunity to build sustainability in your organisation. For more information visit, www.bridgesventures.com