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Social Finance Fair – Big Society Capital 27 th February 2014 – Media City, Salford

Social Finance Fair – Big Society Capital 27 th February 2014 – Media City, Salford . Sam Tarff Chief Executive Key Fund Investments Ltd www.thekeyfund.org.uk. Key Fund Investments – who we are.

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Social Finance Fair – Big Society Capital 27 th February 2014 – Media City, Salford

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  1. Social Finance Fair – Big Society Capital27th February 2014 – Media City, Salford Sam Tarff Chief Executive Key Fund Investments Ltd www.thekeyfund.org.uk

  2. Key Fund Investments – who we are • A Social Enterprise providing specialist advice and access to finance for positive social impact. • Operating the largest Social Investment Fund in the North offering unsecured lending to Social Ventures. • Supporting Social Enterprises since 1998. • The returns from all loans are reinvested back into the sector

  3. Key Fund Investments – who we are • Providing a Personal ‘Community Banking’ approach as the lender of first resort. • Offering flexible , unsecured and tailored loans to from £1,000 to £300,000 • Offering fixed interest rates and terms • Making fast decisions with an ongoing supportive relationship

  4. Key Fund Investments – in the North

  5. Key Fund Investments – in the North West

  6. Housing People, Building Communities “Thanks to investment from The Key Fund to support our working capital during these early stages, Housing People, Building Communities is able to plough ahead with the venture. Key Fund took the time to fully understand the issues we were facing and after a thorough review of our financial forecasts, was happy to support the on-going construction of the Alt site”. Liza Perry, Executive Director, Housing People, Building Communities

  7. Five Children and Families Trust “As a charity we would not have been in a position to achieve loan funding from a high street lender, the Key Fund investment has enabled us to carry out extensive capital works to our childcare centre. Government are providing childcare funding for two year old children to the living in deprived communities and the investment has allowed us to respond and enable children in Speke to benefit. There is a strong evidence base that this will have lasting benefits for those children. We are rated as a good setting by Ofsted; we believe the work we have undertaken takes us a step closer toward our ambition to become an outstanding setting”. Susan Roberts, Director, Five Children’s and Families Trust Ltd

  8. Social Incubator North – What is it?

  9. Social Incubator North – the story so far • 1st Round resulted in 173 Expressions of Interest • 104 applications submitted • 30 offers made • For details of the enterprises supported go to: http://data.gov.uk/data/viz/investment-readiness-programme • For information on how to apply www. socialincubatornorth.org.uk/ 

  10. Social Incubator North – What is it?

  11. Social Incubator North – What's it done?

  12. Social Incubator North – Who’s involved

  13. Social Incubator North – The offer • Investment, expertise and support • Up to £25k in interest free loans • Up to 80 hours of tailored 1-2-1 business development support; the support • Online webinars and Learning Environment • Peer learning and networking opportunities • Access to business space

  14. Social Incubator North – Who can apply? • Existing or new social entrepreneurs across the Northern half of England • Any organisation or individual with a innovative idea which has a clear social impact – it doesn’t have to be perfectly formed to start with. • Your idea has to be NEW – although existing organisations can apply to develop a new strand to their business. • The closing date for this round of applications is 5pm, Friday, 28th, February 2014 • Proposed dates for future rounds: • Opens 7th April 2014 – Closes 21st May 2014 • Opens 4th August 2014 – Closes 17th September 2014

  15. Greener Memorials “I’ve never been a business person but have great mentors on the Social Incubator North scheme who help a lot. I’m setting up as a social enterprise as I want to give back to the community, and to give work opportunities to other ex-offenders as it’s harder to get work with a record. This is really changing my life around, and I hope it will help others too.” Paul Coulter, Founder Greener Memorials

  16. Thank You For Listening, Any Questions?

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