Social Finance Fair – Big Society Capital 27 th February 2014 – Media City, Salford Sam Tarff Chief Executive Key Fund Investments Ltd

The Social Impact Fund for the North 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 The returns from all loans are reinvested back into the sector

The Social Impact Fund for the North 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

The Social Impact Fund for the North £25m invested in the sector 2,137 - Organisations supported New Start Ups, 2,049- Jobs Created/ Safeguarded, 6,500 - Training Opportunities 75% of investments in top 20% most deprived areas Key Fund Investments – in the North

The Social Impact Fund for the North To date Key Fund has invested £1,879,882 in the North West helping 52 organisations, 11 of which were under the Social Incubator North Programme. Key Fund Investments – in the North West

The Social Impact Fund for the North 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

The Social Impact Fund for the North 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

The Social Impact Fund for the North Social Incubator North – What is it? £2m programme co-funded through the Social Incubator Fund (delivered by the Big Lottery Fund on behalf of the Office for Civil Society)

The Social Impact Fund for the North Social Incubator North – the story so far 1 st Round resulted in 173 Expressions of Interest 104 applications submitted 30 offers made For details of the enterprises supported go to: For information on how to apply www. socialincubatornorth.org.uk/

The Social Impact Fund for the North Social Incubator North – What is it? Up to £25k in interest free loans Up to 80 hours of tailored 1:1 business support Peer learning and networking opportunities Online learning environment Access to business space

The Social Impact Fund for the North Social Incubator North – What's it done? To date the Social Incubator North Programme has committed £1,065,000 helping 30 organisations across the North of England.

The Social Impact Fund for the North Social Incubator North – Who’s involved Key Fund & OCS via BIG provide the money Locality provide the online support SENW & other Social Enterprise Network partners provide the business advice and support You provide the passion, creativity and commitment to make ideas a reality

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

The Social Impact Fund for the North 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

The Social Impact Fund for the North 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

The Social Impact Fund for the North Thank You For Listening, Any Questions?