Growth Impact Fund developed by UnLtd, Shift and Big Issue Invest described as “fundamentally different” – aiming to back long-overlooked entrepreneurs and provide model for more inclusive social investment.
NEWS ANALYSIS: Long snubbed in an impact investing market obsessed with returns, ‘blended finance’ has now proven its worth. But securing its survival could be Access’s most important role in the second half of its lifetime.
Alternatives to traditional bank lending have scaled 20-fold to £3,388m from £169m in just eight years, with property funds and non-bank lending on the up, reveals annual market update from the UK’s impact investing wholesaler.
Organisations looking to make loans to charities and social enterprises in England have until December to apply to Access’ Growth Fund by submitting an expression of interest, the foundation has announced.
A fund aimed at improving social investment infrastructure heads up our latest briefing. Plus Big Society Capital buys more shares in Charity Bank and UK leads the way in social innovation competition.
Dawn Austwick, Big Lottery Fund's CEO, explains why Access – the new Foundation for Social Investment – and its £45m Growth Fund, launching today, are going to solve some big size issues in the UK's social investment market.