Social purpose organisations are set to benefit from a new social investment fund from the Charities Aid Foundation (CAF). The Venturesome Impact Fund offers affordable, repayable finance to organisations across the UK. This ‘evergreen’ fund will remain continuously open for applications and is cause universal, to enable impactful social purpose organisations to access finance to grow and improve their resilience. The fund opens with £10m of philanthropic capital from CAF’s private clients, businesses and other foundations, with the goal to grow available funding to at least £20m. Most social investments…
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