Charity Bank and Exemplas have been selected by the Big Lottery Fund to undertake a £10m support programme that will seek to improve investment into Voluntary, Community and Social Enterprise (VCSE) organisations.
The campaign, called Big Potential, is to be launched this summer, and will target VCSE organisations at the beginning of their social investment journey and that are currently on the lookout for investment opportunities.
The scheme plans to deliver a combination of funding and access to specialist expertise that will help deliver many social benefits.
“Providing support for charities and social enterprises to help them access investment is a key priority of our social investment strategy in England and very important in these difficult times”, said Nat Sloane, chair of the Big Lottery Fund in England.
“Social investment has the potential to transform how need is met by providing greater financial incentives to improve performance.
“It offers the prospect of new financing tools and access to new sources of capital that could enable VCSE organisations to operate on a more sustainable footing as they provide their valued services to people and communities most in need.”
Exemplas, a leading business support, skills and employment solutions provider, and ethical bank Charity Bank, which recently dropped its status as a registered charity in an effort to boost its lending to the charitable and social sectors, have both been selected to deliver the £10m support programme.
The pair’s involvement follows a report commissioned by the Big Lottery Fund, carried out by ClearlySo and New Philanthropy Capital, that highlighted a gap in investment support for social enterprises.
The Big Lottery Fund recently set aside £8.5m for the Big Venture Challenge – an “investment accelerator” that looks to improve the way investors put their money into organisations that focus on delivering social benefits. Thirty entrepreneurs were recently unveiled to participate in the scheme.
Like our Facebook Page
How to Find an Eco-Friendly Termite Control Service Provider in Malaysia
Eco-Friendly Vegans Win Most Battles Not the War
3 Iconic Chicago Billboards Eco-Friendly Advertisers Can Learn from
EnviroSolar’s Abe Issa Discusses Success in Green Entrepreneurship
How Sports Could Be Impacted by Climate Change
What Eco-Friendly Patients Should Know about Online Therapy
6 Reasons Why Meal Delivery Services are Eco-Friendly
The Path for Retail’s Sustainable Future
4 Eco-Friendly Ways to Treat a Sinus Infection
4 Strategies for Eco-Friendly Real Estate Investors to Find Properties
How Managed Print Services Helps to Reduce Paper Waste
Why Scientists Are Concerned About ‘Forever Chemicals’ In Drinking Water
Meat Farming Is Only Getting Smarter, Easier & Eco-Friendlier
What is Eco-Friendly Homesteading and How Does it Affect Your Insurance?
Importance of Using a Water Purifier in an Area with High Pollution
Alternative Financing Ideas for Green Businesses that Shun Banks
Tencel Material Demand Shows Britain Is More Eco-Friendlier Than Ireland
How To Invest in Clean Energy Stocks in Only Five Easy Steps!
How To Secure Funding As An Eco-Entrepreneur?
4 Amazing Eco-Friendly Businesses Worth Starting in 2021
- Features8 months ago
Seven Health and Safety Tips for Eco-Friendly Products in a Green Home
- Energy9 months ago
Eco-Friendly Homeowners Lower Carbon Footprints through Greater Air Conditioner Efficiency
- Features8 months ago
Essential Guidelines for Eco-friendly Moving into new Home
- Invest10 months ago
The Eco-Friendly Evolution of Bitcoin Over the Years