The Fund predominantly provides debt finance to financially viable social enterprises and charities in the North East of England, where organisations have an underdeveloped range of funding options available to them.
The North East has a distinct set of social needs and a range of challenges. The Fund will enable a greater number of social enterprises and charities to access investment and increase their impact for people in the region.
-
Fund size
£10.2 million -
Big Society Capital commitment
£5.85 million
Key information
-
Geography
North East -
Investment type
Enterprise equity -
Fund manager
Northstar Ventures -
Investment status
Current -
Investment date
2014 -
Term
20 years
Impact
-
Number of investees
-
Average loan size
-
Total capital invested so far
Sustainable development goals
-
1: No Poverty End poverty in all its forms everywhere -
3: Good Health and Well-being Ensure healthy lives and promote well-being for all at all ages -
7: Affordable and Clean Energy Ensure access to affordable, reliable, sustainable and modern energy for all -
8: Decent Work and Economic Growth Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all -
10: Reduced Inequality Reduce inequality within and among countries -
11: Sustainable Cities and Communities Make cities and human settlements inclusive, safe, resilient and sustainable -
12: Responsible Consumption and Production Ensure sustainable consumption and production patterns
-
Other investors
North East Social Investment Company (with money from Northern Rock Foundation, now managed by the Community Foundation)
The Northstar Foundation