• New investment programme managed by Big Issue Invest, the social investment arm of The Big Issue
  • Impact Loans England programme is funded by Access - The Foundation for Social Investment and is designed to help charities and social enterprises

Access - The Foundation for Social Investment Lottery Funded
Big Society Capital - Transforming Social Investment Big Issue Invest

Big Issue Invest has launched Impact Loans England, a new £5 million lending scheme aimed at enabling social enterprises to access loan funding of between £20,000 and £150,000. The programme is funded by Access - The Foundation for Social Investment, with finance being provided by its partners Big Lottery Fund and Big Society Capital.

The Impact Loans England programme is now available to organisations across England with the £5 million to lend over the next three years. The funding is available to organisations keen to do more of the good work they do - whether it’s buying equipment, hiring new talent, or progressing with business development plans.

Daniel Wilson-Dodd, Head of Lending at Big Issue Invest says, “A lot of great organisations struggle to access small and medium-sized loans, so we wanted to provide support for those exciting social enterprises and charities.”

One of the first organisations to take advantage of the new finance scheme is Valley CiDS and this loan will help them provide much needed help for young people at their alternative education site Turner Farm in Swanwick, Derbyshire. The site has a history of working with young people since the 1850’s and now Valley CiDS are bringing this amazing heritage up to date, as they help young people access education in an alternative way to mainstream provision. The social impact of this work is outstanding, as young people’s aspirations and potential are developed in their local communities. The Charity reaches out to over 600 young people every year through its Blend projects, whilst visiting 80 schools in Derbyshire and Nottinghamshire through its Quest team.

“The Big Issue invest loan has been a tremendous boost enabling us to expand our vital Alternative Education Provision to young people,” says Dorothy Whitaker, CEO at Valley CiDS.

The Impact Loans England programme is a continuation of what Big Issue Invest has been doing over the past few years in other schemes aimed at helping social enterprises grow, often by accessing finance for the very first time.

Big Issue Invest anticipates the popularity of this programme and is planning to deliver a deal a week for the first six months after launch. Applications for Impact Loans England are now open. Visit bigissueinvest.com or email [email protected]. A Twitter Q&A with @BigIssueInvest will be held in February, using the tag #ADealAWeek.

ENDS

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Notes to Editors

About Access:

The Foundation for Social Investment exists to bridge the gap between charities and social enterprises and social investors. Access does this through two main programmes: the Growth Fund which blends grant from Big Lottery Fund and loan from Big Society Capital and is focused on enabling the provision of the simple and affordable investment products that charities and social enterprises tell us they need; and the capacity building programme, which provides charities and social enterprises with the support they need to get ready to take on investment.

www.access-socialinvestment.org.uk
@si_access  
Press enquiries: 020 7084 6833

Access - The Foundation for Social Investment

 

About Big Lottery Fund:

The Big Lottery Fund is the largest funder of community activity in the UK. It puts people in the lead to improve their lives and communities, often through small, local projects. It is responsible for giving out 40% of the money raised by National Lottery players for good causes. Every year it invests over £650 million and awards around 12,000 grants across the UK for health, education, environment and charitable purposes. Since June 2004 it has awarded over £8 billion to projects that change the lives of millions of people.

www.biglotteryfund.org.uk
@biglotteryfund #BigLottery
www.facebook.com/BigLotteryFund
Funding and general enquiries: 0345 410 20 30
Press enquiries: 020 7211 1888 / Out of hours media contact: 07867 500572

Lottery Funded

 

About Big Society Capital:

Big Society Capital is a financial institution with a social mission, set up to build the social investment market in the UK, so that charities and social enterprises can access appropriate repayable finance to enable them to grow, become more sustainable and increase their impact on society. It is doing this by building a diverse social investment market: encouraging investors to lend or invest money to achieve a social as well as a financial return. Since it was set up as an independent organisation in 2012, Big Society Capital has invested over £270 million in specialist organisations who lend to charities and social enterprises.

www.bigsocietycapital.com
@bigsocietycap
020 7186 2540 / 0788 0587 9500

Big Society Capital - Transforming Social Investment

 

About Big Issue Invest:

Big Issue Invest is the social investment arm of The Big Issue. We extend the mission of The Big Issue by providing finance and support to social enterprises and charities seeking to dismantle poverty and create opportunity for people across the UK.   We invest between £20K and £3 million in organisations seeking repayable financing options, helping them to scale up and maximise their social impact. Since 2005, we have invested more than £30 million in 300 social ventures and we currently manage or advise on more than £150 million worth of social funds.

www.bigissueinvest.com
@bigissueinvest
Press enquiries: 020 7526 3448
Funding enquiries: [email protected]

Big Issue Invest

 

About Valley CiDS:

We are an independent Christian charity based in Derbyshire, committed to serving children, young people and families through outreach work in schools and the wider community. Valley CiDS (Christians Involved in Developing Society) was launched in 2000 by a group of Christians with a passion to serve, inspire and equip children, young people and families to develop their full potential in society today. Valley CiDS was borne out of a passionate belief that by ‘investing in the next generation’ we can make a positive difference to the lives of children and young people and their families.  An investment of time, energy and money sets in place strong foundations giving children the best possible chance in life.

www.valleycids.co.uk
@valleycids
Press enquiries: 01773 609603
[email protected]

Valley CIDS Logo