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It’s now about 18 months since the Growth Fund opened its doors to the first applications in summer of 2015, and I have been in post for a little over year, so what have we learnt and seen? Plenty! So what can I tell you? After a year of activity Seb provided an update on […]
We are delighted to have signed our second Growth Fund deal last week. Key Fund will run the Northern Impact Fund, building on their great track record of making small loans to charities and social enterprises across the North of England and midlands. You can read more about the first two funds open for business […]
In total we have now received expressions of interest from 24 organisations and partnerships, with 16 having been invited to apply. The joint investment committee has continued to meet regularly and over the last few weeks has reviewed four applications. As we continue to meet there are more patterns emerging about what makes for a […]
The Joint Investment Committee for the Growth Fund met on the afternoon of 17 September. As you may remember from my blog in June, we had asked for applicants seeking a larger investment (including a grant element at or near the £3m maximum) to come forward by the end of August. We only plan to […]
We reviewed three applications at Round One*, two of which will proceeded on to the due diligence stage. These were one proposal for a county-wide fund which had come from a Community Foundation in partnership with a lender, and one from an established SIFI looking to develop a regionally focused fund targeting a couple of […]