It delivers jobs, growth and regeneration in regional and city-based economies by supporting social enterprises to build capacity, resilience and business acumen.
The scheme works by combining three distinct support mechanisms – loan capital, business mentoring and expert consultancy to support individual social enterprises. The investments are decided by a locally-based Social Investment Committee made up of representatives from the local community. Social enterprises apply for support through an open online application process.
Subsequently, the committee decides who to award support (and monitors progress) based on the review of business plans and CAF Venturesome’s due diligence.
The initial pilot of the scheme in the “BN” postcode was funded by Nesta’s Innovation In Giving Fund, a Cabinet Office backed initiative, with the Social Investment Committee chaired by Peter Field, Lord Lieutenant of East Sussex.
We are seeking to create a support for social enterprises that can be managed and administered at a regional level – across the UK with additional public, private and third sector partners – with the efficiency of the model building over time as loans are repaid and money is recycled.