The document discusses growing the local social economy through place-based investment using Local Impact Funds. Key points:
1) Local Impact Funds combine business support and growth investment to connect social investment supply and demand at a local level, supporting jobs and growth.
2) Two pilot Local Impact Funds will launch in early 2014 in Liverpool and Northamptonshire, drawing on funding from the EU, Big Society Capital, and local public/private investors.
3) The funds will provide tailored support and financing to local charities and social enterprises, with a goal of establishing up to 20 Local Impact Funds across England by 2020 to strengthen local social economies.
The presentation was a workshop at NCVO's European Funding Network's event LEPs, Growth and EU funds on Wednesday 25 September 2013.
The presentation was by Azlina Bulmer Charity Bank, Sam Tarff, The Key Fund, Chris Dadson, Social Investment Business and is a guide to Social Investment and Local Impact Funds.
Find out more about the event 'LEPs, Growth and EU funds': http://europeanfundingnetwork.eu/events/engaging-with-your-leps
Find out more about NCVO's European Funding network: http://europeanfundingnetwork.eu/
On 11th February 2016 the Big Lottery Fund and CBO evaluation team ran a peer learning event for people developing SIBs related to health. These slides are from the workshop on working with investors.
On 4th December 2015 the Big Lottery Fund and CBO evaluation team ran a peer learning event for people developing SIBs related to employment, housing and crime. These slides are from the afternoon workshop on working with investors.
Natasha Yemm, Manager for the Social Enterprise Development and Investment Funds (SEDIF) initiative at the Australian Government Department of Employment, presented at our seminar entitled ‘Impact Investing Seminar: Revolutionising capital markets for greater societal gains’ on Thursday 9 October 2014 in Melbourne.
Held in partnership with National Australia Bank as part of our Sustainability Leadership Series, the seminar brought together experts from various fields, discussing the challenges and opportunities associated with this innovative way to invest capital for social and/or environmental benefits as well as financial returns.
For more information about this seminar and the UNAA Sustainability Leadership Series please visit www.unaavictoria.org.au/education-advocacy/masterclasses/
The presentation was a workshop at NCVO's European Funding Network's event LEPs, Growth and EU funds on Wednesday 25 September 2013.
The presentation was by Azlina Bulmer Charity Bank, Sam Tarff, The Key Fund, Chris Dadson, Social Investment Business and is a guide to Social Investment and Local Impact Funds.
Find out more about the event 'LEPs, Growth and EU funds': http://europeanfundingnetwork.eu/events/engaging-with-your-leps
Find out more about NCVO's European Funding network: http://europeanfundingnetwork.eu/
On 11th February 2016 the Big Lottery Fund and CBO evaluation team ran a peer learning event for people developing SIBs related to health. These slides are from the workshop on working with investors.
On 4th December 2015 the Big Lottery Fund and CBO evaluation team ran a peer learning event for people developing SIBs related to employment, housing and crime. These slides are from the afternoon workshop on working with investors.
Natasha Yemm, Manager for the Social Enterprise Development and Investment Funds (SEDIF) initiative at the Australian Government Department of Employment, presented at our seminar entitled ‘Impact Investing Seminar: Revolutionising capital markets for greater societal gains’ on Thursday 9 October 2014 in Melbourne.
Held in partnership with National Australia Bank as part of our Sustainability Leadership Series, the seminar brought together experts from various fields, discussing the challenges and opportunities associated with this innovative way to invest capital for social and/or environmental benefits as well as financial returns.
For more information about this seminar and the UNAA Sustainability Leadership Series please visit www.unaavictoria.org.au/education-advocacy/masterclasses/
The Potential for Social Impact Bonds to Attract Investors in the Delivery of...FEANTSA
Presentation by Frank Lee, European Investment Bank, New Products and Special Transactions Department, at a FEANTSA seminar on "Funding strategies: Building the case for homelessness", hosted by the Committee of the Regions, June 201é
Leveraging Opportunity Zones to Support Regional Economic Developmentnado-web
During the 2019 NADO Annual Training Conference (October 19 - 22 in Reno, NV), Scott Dadson shared information creating investable communities and how to take advantage of the Opportunity Zone Program.
What role for business groups in homeless policy? One corporate foundation’s ...FEANTSA
Presentation given by Simon Sheehan, Hilton in the Community Foundation, UK, at a FEANTSA seminar on "Funding strategies: Building the case for homelessness", hosted by the Committee of the Regions, June 2012
Social impact bonds at a glance, August 2017Liat Zwirn
The social impact field has been enriched by new ideas and approaches, allowing it to do more with limited resources. This presentation glances at one of the new financing models: social impact bonds.
The Addis Ababa conference is a follow up of the first conference on FfD (Financial for Development) convened in Monterrey in 2002. 'Monterrey Consensus' introduced six "major action" to the FfD. The second FfD conference in Doha in 2008 added a chapter on new challenges and emerging issues that address the impacts of the financial crisis and climate change.
Presentation for Volunteer Now detailing the support structure for Social Enterprise in NI with a brief intro as to how Social Enterprise is like the Olympics
Presented by David Floyd, Managing Director, Social Spider, at NCVO's 2015 Evolve Conference.
One of two presentations covering the alternative finance landscape.
The role of Government in the Social EconomyOECD CFE
The capacity building seminar will gather the main stakeholders who are concerned with building conducive ecosystems for social enterprises: policy makers and administrators, networks of social enterprises and social economy actors, social finance players.
The Potential for Social Impact Bonds to Attract Investors in the Delivery of...FEANTSA
Presentation by Frank Lee, European Investment Bank, New Products and Special Transactions Department, at a FEANTSA seminar on "Funding strategies: Building the case for homelessness", hosted by the Committee of the Regions, June 201é
Leveraging Opportunity Zones to Support Regional Economic Developmentnado-web
During the 2019 NADO Annual Training Conference (October 19 - 22 in Reno, NV), Scott Dadson shared information creating investable communities and how to take advantage of the Opportunity Zone Program.
What role for business groups in homeless policy? One corporate foundation’s ...FEANTSA
Presentation given by Simon Sheehan, Hilton in the Community Foundation, UK, at a FEANTSA seminar on "Funding strategies: Building the case for homelessness", hosted by the Committee of the Regions, June 2012
Social impact bonds at a glance, August 2017Liat Zwirn
The social impact field has been enriched by new ideas and approaches, allowing it to do more with limited resources. This presentation glances at one of the new financing models: social impact bonds.
The Addis Ababa conference is a follow up of the first conference on FfD (Financial for Development) convened in Monterrey in 2002. 'Monterrey Consensus' introduced six "major action" to the FfD. The second FfD conference in Doha in 2008 added a chapter on new challenges and emerging issues that address the impacts of the financial crisis and climate change.
Presentation for Volunteer Now detailing the support structure for Social Enterprise in NI with a brief intro as to how Social Enterprise is like the Olympics
Presented by David Floyd, Managing Director, Social Spider, at NCVO's 2015 Evolve Conference.
One of two presentations covering the alternative finance landscape.
The role of Government in the Social EconomyOECD CFE
The capacity building seminar will gather the main stakeholders who are concerned with building conducive ecosystems for social enterprises: policy makers and administrators, networks of social enterprises and social economy actors, social finance players.
This presentation was part of the NCVO event - 'It's Our Community research workshop - East of England'.
This event was organised by NCVO, BIG Society CIC and Peterborough Council for Voluntary Service, to look at how European funding has been used to fund community-led solutions to local problems, and explore how this funding might be used in the future.
Ingrid Gardiner (EU manager) gave a presentation on European Structural and Investment Funds : Community Grants. NCVO co-ordinates the European Funding Network.
You can find out more about NCVO events on the European Funding Network website: http://europeanfundingnetwork.eu/events/ncvo-event
Ingrid Gardiner (ESF Effectiveness manager) discussed European structural and Investment funds and the future of structural funds in England.
Find out more about NCVO's european policy work: http://europeanfundingnetwork.eu/
The London Voluntary Service Council (LVSC) has released a manifesto for the new London Mayor to recognise and value the VCSE sector.
For London to lock in and leverage these economic, social and personal benefits the VCSE sector needs a workable plan built around the following proposals:
Ensure that the VCSE sector is recognised and included in GLA policy and delivery
Co-produce a London VCSE strategy
Collaborate on the implementation of equalities practice
Innovate GLA commissioning and procurement
Facilitate private sector donations to VCSE groups
Embed the benefits of digital technology.
Session 1: Welcome & Social Sector Access to Finance
Session 2: Social Investment and Match Funding
Session 3: Social Investment Tax Relief
Session 4: Details of RfP
Session 5: The View from the Frontline
IGNITE your…. Solent LEP Bridging the Gap
Presenter - Jan Ward, Solent LEP Director & CEO of Corrotherm International Ltd will be presenting
"Phase 2 of Bridging the Gap funding programme"
Bridging the Gap is a competitive fund of £1.85m, looking to identify projects that can create or safeguard the most jobs and leverage the most private sector investment into SMEs in the Southampton area.
The Solent Local Enterprise Partnership (LEP) was formed after the Government offered local areas the opportunity to take control of their future economic development.
The presentation was a workshop at Evolve 2014: the annual event for the voluntary sector in London on Monday 16 June 2014.
The presentation was chaired by Caron Bradshaw, Chief Executive, Charity Finance Group and looks at the practical issues around social investment, showcasing some of the products available, hearing from charities that have successfully used social investment and social investment providers.
Find out more about the Evolve Conference from NCVO: http://www.ncvo.org.uk/training-and-events/evolve-conference
Find out more about the work NCVO does around funding: http://www.ncvo.org.uk/practical-support/funding
The Parliamentary Yearbook is currently gathering news items for major features on the regeneration of our urban landscape in the next edition and has been following the progress of Local Enterprise Partnerships since their launch in the Summer of 2010
Concept social impact bonds - at a glance - august 2017Liat Zwirn
יפה ומעניין לראות חדשנות במגזר החברתי.
אחד מהתחומים בהם הדבר בא לידי ביטוי הינו תחום מימון הפעילות, ואחד מהמודלים החדשניים אשר שולבו במגזר בשנים האחרונות הינו האג"ח החברתי.
מודל זה יוצר שותפות בין המגזר הציבורי ובין מקורות מימון מהמגזר הפרטי / פילנתרופיה למול ROI פיננסי פוטנציאלי, לטובת מימון פעילות בתחום מסוים במסגרת המגזר החברתי.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
3. Place based social investment
Minister for Civil Society, Nick Hurd MP:
“I am interested in the opportunity for place
based investment to provide communities and
social enterprises with the finance they need to
build a strong, local economy and create real
social benefit. I would encourage Local
Authorities and Local Enterprise Partnerships to
engage with the sector and consider establishing
a Local Impact Fund in their area.”
4. Local Impact Funds: Overview
• ‘Local Impact Funds’ can help direct investment into local places to increase
jobs and growth in local areas, grow a social economy and support social
entrepreneurship.
• Local Impact Funds are a key mechanism for delivering place based social
investment. They:
• Combine wrap around business support with growth investment.
• Connect European, national and local supply with local demand for
finance.
• Support local economic and public services strategies.
• Two pilot Local Impact Funds will be launched in early 2014.
• Local Impact Funds will build on existing local and national infrastructure and
business support: enhancing and not duplicating the activity of local
organisations.
5. Local Impact Funds: Context and rationale
Charities and social enterprises make a positive difference to society and the
economy
• 38% work in the 20% most deprived communities in the UK (compared to only 12%
of SMEs).
• £1 public spend into social enterprises creates £6.25-£8.33 of GVA (£3.57 across all
markets).
There is a massive unmet demand for social investment
• £1.3bn - £2.1bn annual demand for social investment, £286m of deals in 2012.
• 38% annual growth of the social investment market: £1bn of done deals in 2016.
There is money available to grow the supply of social investment
• BSC - £600m
• £6bn of European Structural and Investment Funds, 2014-20, can be drawn on.
What is now needed are the mechanisms for connecting supply to demand…
6. Local Impact Funds: Vision
• Be locally driven, flexible, and responsive to need and context.
• Provide a tailored package of support and finance for charities and
social enterprises at all stages of their journey, from start up to sustainability
and growth.
• Draw together into one place an appropriate blend of national and local
actors and interventions, achieving more through the sum of its parts.
• Support social economic growth anywhere in the world, therefore learning
will be shared with interested partners across Europe.
7. Local Impact Funds: Framework
• Source investable charities and
social enterprises, identify potential
future investees, and assess their
support needs.
• Support charities and social
enterprises on their journey
towards growth and sustainability,
drawing on existing support, and
designing new support structures
where relevant.
• Fund them in a way that is flexible
and responsive to their needs, not
the needs of investors.
Encourage continuous learning and evaluates
what works best in a local area.
8. Local Impact Funds: Importance of ‘Local’
• Charities and social enterprises need to sell their products and services into
functioning local markets if they are to thrive.
• Local stakeholders can help enable the sustainability of Local Impact Funds:
• Clinical Commissioning Groups (CCGs)
• Local Authorities
• Police Crime Commissioners (PCCs)
• Other ‘buying’ institutions such as Universities, Housing Associations and
large local employers.
• Ultimately the Local Impact Fund can be an engine for public service reform,
and provide a hook for corporates to support the sector through CSR activity.
• The new Social Investment Tax Relief is a big opportunity to attract new and
local investors into solving local problems.
The time is now to make the most of these opportunities…
9. Local Impact Funds: Model
Key Questions
Terms of EU money?
Pari passu? Grant
component? First
loss?
How much pipeline
support is needed?
Who pays for costs?
Set up costs.
Legal costs.
Evaluation
10. Pipeline support modelling
Start up
Incubation
100% grant
100% grant 100% grant
100% grant (25%
repayable)
100% loan
Range
< £5,000
< £25,000
£10,000 - £75,000
£50,000 - £150,000
tbc
Amount
£3,000
£17,500
£50,000
£100,000
tbc
Volume
500*
250*
50*
5*
100
Total
£1.5m
£4.375m
£2.5m
£0.5m
£10m
•
Capacity building Investment
readiness
Local Impact
Funds
* Work still needs to be done to clarify the pipeline volumes needed to support
each LIF
11. Key milestones
Milestones
Local Impact Funds referenced in BIS preliminary guidance to LEPs
April 2013
Local Impact Funds included in supplementary guidance to LEPs
July 2013
Launch of the prospectus and information sharing events
September 2013
Launch of the 2 pilot Local Impact Funds
Early 2014
Gain EC agreement for operational programmes
January 2014
LEPs to commission proposals for Local Impact Funds, as relevant
March – September 2014
First full Local Impact Funds become established
Early 2015
Local Impact Funds rolled out across England. Aspiration for up to
20 Local Impact Funds to be created.
2015 - 2020
12. Scaling the model up
• The SIB Group has successfully applied to run the Liverpool City Region Impact
Fund and will manage ERDF as part of the world’s first Local Impact Fund.
• We are on target to establish a second pilot (in Northamptonshire) with
investment from new entrants into the social investment market.
• We will conduct an early evaluation of both pilots in 2014 in order to share
learning with interested stakeholders.
• We are working in partnership with the Key Fund to manage a network of Local
Impact Funds across England.
• We believe there may be demand for around 10 Local Impact Funds in 2014,
and up to 10 in 2015 – 2017.
• We will share learning and work collaboratively through a network of partners
who set up and manage Local Impact Funds.
• We are investigating the potential to create a template approach to developing,
financing and managing a network of Local Impact Funds.
13. Liverpool City Region Impact Fund
1. The Liverpool City Region (LCR) Impact Fund is being designed as a partnership
between the Adventure Capital Fund (the parent charity of the Social Investment
Business Group) and Social Enterprise North West (SENW).
2. We are looking to launch the £2m 18 month pilot Fund on 23 January 2014, to
invest into c.20 charities and social enterprises by June 2015.
3. This pilot draws on existing ERDF investment from the 2007-13 programme, and is
linked to an existing project: Big Enterprise in Communities (BEiC) programme.
4. BEiC is a £7m business support programme for Liverpool City Region being run
by SENW, and will provide the Fund with a pipeline of investable organisations.
5. We will match the £1m ERDF investment into the Fund with a £1m investment of
ACF’s Communitybuilders endowment.
6. We are applying to Big Society Capital (BSC) for further investment into this fund.
14. Northamptonshire Impact Fund
1. The Northamptonshire Impact Fund is being developed in partnership between SIB,
the University of Northampton and UnLtd.
2. We are looking to launch the c. £6m 18 month pilot Fund in April 2014.
3. As there is no ERDF investment from the 2007-13 programme to access for this,
other investors have been approached: local public and private investors have
committed £2m.
4. This Fund will support charities and social enterprises around the service
transformation agenda, helping them deliver more contracts in public service
markets.
5. An ‘ecosystem of support’ is being designed alongside this Fund, building on
existing support that the University of Northampton and UnLtd already provide to
social enterprises.
6. SIB will also invest £1m in this Fund, and has submitted an application to BSC for
further investment.