The North East Social Investment Fund invests in Social Enterprises with individual investments ranging in size from £100k to £1m.
The Fund is targeted at organisations which exist primarily to deliver social impact and which reinvest the majority of their surpluses to further their social mission.
Organisations should be located, or have substantial operations in the North East of England. The Fund will also invest in organisations that are willing to relocate to the region.
Investments are flexible to suit the individual organisation's needs. Such investments will generally be in the form of loans, but may also be quasi equity or social impact bonds. The taking of security over the organisation's assets may be a requirement of an investment.
They are looking to invest in viable Social Enterprises who have:
- A strong passion to improve their social impact in any of homelessness, poverty and debt, health and social care needs, mental health, offender rehabilitation, unemployment or the regeneration of deprived communities
- A strong management team with the ability to grow the organisation
- A track record or desire to contract with Public sector bodies
- The ability to measure and monitor the impact of their performance
The North East Social Investment Fund is backed by Big Society Capital, Esmee Fairbairn Foundation and Northern Rock Foundation.
Please see their Investment Process if you are interested in seeking social investment finance.