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Financing socent mmu guest lecture nov 2011
 

Financing socent mmu guest lecture nov 2011

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guest lecture given on financing options for social enterprise to students at Manchester Metropolitan University on 25 Nov 2011

guest lecture given on financing options for social enterprise to students at Manchester Metropolitan University on 25 Nov 2011

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  • START WITH EXERCISE ON HOW GROUPS CURRENTLY DECIDE ON WHAT TYPE OF FINANCE TO APPLY FOR

Financing socent mmu guest lecture nov 2011 Financing socent mmu guest lecture nov 2011 Presentation Transcript

  • Financing social enterprise guest lecture to MMU students Nov 2011 www.adrianashton.co.uk
  • What type of cash do you need? Adrian Ashton
  • What do you need the cash for?
    • Dealing with failure ( 'rebooting' the business )
    • fashion/credibility
    • Validation ( reassuring yourself )
    • Set-up
    • Development
    • Working capital
    Adrian Ashton
  • Factors influencing choice of money
    • Cash-flow
    • Time-scale
    • Length of time money needed for
    • Likely results of activity/project
    • Attitude to risk
    • Available security
    • ‘ Peer pressure’
    • Contribution to mission and long-term sustainability
    • Impact on reputation and ability to ‘lever in’ further money
    Adrian Ashton
  • Know what Investors want
    • Their money back ( loans, equity )
    • Financial Return ( loans, equity )
    • Social Return ( grants, loans, equity )
    • Outputs & Outcomes ( grants )
    • Security ( loans )
    • Partners ( grants, loans )
    • Exit Strategy ( equity )
    Adrian Ashton
  • Traditional sources of cash
    • Personal savings
    • Family and friends
    • 'sweat equity'
    • Debt (bank loans, overdraft)
    • Equity (dragons and angels)
    • Factoring
    • Retained profits
    • Grants
    Adrian Ashton
  • 'social enterprise specials'
    • CDFI
    • Community shares
    • Social impact bonds
    • Loan stock
    • 'In-kind'
    • crowd-funding
    Adrian Ashton
  • Some problems with grants...
    • Lead time
    • Restrictions on use
    • Cash-flow implications
    • Admin time/cost in monitoring & reporting
    • Risk of 'claw back'
    • Risk to credibility
    Adrian Ashton
  • GOOD MONEY WILL NOT MAKE A BAD ENTERPRISE GOOD Adrian Ashton
  • Further sources info & reading
    • Unlocking the potential – a guide to finance Social Enterprise UK
    • http://www.ncvo-vol.org.uk/sfp
    • Simply Finance Co-operativesUK
    Adrian Ashton