Tag: Shift

New investors announced for social impact investment Fund that backs people the mainstream does not reach

Stuart Mitchell

A social impact investment fund developed by Big Issue Invest (BII), UnLtd and Shift, aimed at social enterprises and organisations from underrepresented backgrounds, has welcomed a host of further investors onboard, as the fund’s completed on its first close of £8.2m towards its £25M target size.  The fund has welcomed the following additional backers:  Big Society Capital, Greater Manchester Combined Authority, the University of Edinburgh, Scope, Trust for London, Joseph Rowntree Foundation, Charities Trust, Barrow Cadbury Trust and Nick Marple, the renowned philanthropist. The backers will join the existing major…

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Social investment fund announced to tackle inequality as wealth gap widens  

Stuart Mitchell

A new potential £25M social investment fund has been announced recently, offering flexible and patient capital for early-stage social businesses to grow their impact, ringfencing a minimum of 50% of funding for leaders from underrepresented backgrounds. Big Issue Invest, UnLtd and Shift have come together to announce the Growth Impact Fund, to level the social investment playing field.   This landmark fund is built in coalition with social investment experts, and is backed with funding from supporters including Bank of America and Access Foundation. Big Issue Invest, UnLtd and design agency…

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Major investors come on board to tackle inequality through Growth Impact Fund

Stuart Mitchell

Bank of America and Access – the Foundation for Social Investment have come on board as major backers of the upcoming Growth Impact Fund, a potential £25M social investment fund being developed by UnLtd, Big Issue Invest and Shift. The potential fund, which will only be available to professional investors, aims to tackle inequality and promote racial justice by being built around the needs of entrepreneurs historically locked out of social investment, as highlighted by the recent Adebowale Commission on Social Investment. The potential fund will offer flexible and patient…

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