We’ve committed to invest as a founder partner in Big Issue Invest’s £10 million Social Enterprise Investment Fund to create capital for growing UK-based social enterprises.
Financial returns from the fund will be generated through a mix of turnover and profit royalties, interest payments, and capital gains through equity sales.
The fund will make between 25 and 30 investments with an expected average term of five years. Our investment is the second largest investment in the fund and follows a £750,000 commitment from the Esmée Fairbairn Foundation.
The fund has also attracted institutions such as Nabarro, the law firm, PricewaterhouseCoopers, the accountancy group, and HSBC, all of which are helping on a pro bono basis.
We anticipate that the majority of investments will be targeted at post-revenue businesses, although we understand that some flexibility in structuring will be needed to make this targeting effective. Supporting this fund will enable us to deliver greater insights into the developing equity market.