Published: 10th Mar 2020

The Growth Fund blended finance programme has invested more than £27m into 400 charities and social enterprises across the UK since 2016.   The Growth Fund combines grant funding from the National Lottery Community Fund with repayable loans from Big Society Capital. This allows social investors to offer smaller-scale unsecured loans with the average investment being around £60,000. Of these 400 loans, more than half the capital invested has been in the most deprived 30% of neighbourhoods in England. The Growth Fund now constitutes around a third of the social investment market in terms of deals done. One of the organisations who have benefited from the funding is community interest group Positive Support for You. The group supports people with learning disabilities in the NorthEast of England to live meaningful and quality lives. Seb Elsworth, chief executive of Access, the Foundation for Social Investment who manage the Growth Fund said: ‘The … (To read the full article, subscribe below)