Growth Impact Fund
Summary:
Support for social purpose organisations offering financial and practical business assistance to prepare for and activate investment.
Eligibility criteria:
The Growth Impact Fund is for all social purpose organisations operating in consumer business, education and learning, employment and training, and health and social care.
Criteria for organisations
Legal:
- legally registered in the UK as a company or a charity
- supports all legal structures
Growth:
- have demonstrated proof of concept by generating some trading revenue already
- looking to significantly grow trading income and social impact
- interested in seeking funding as a repayable investment
Impact:
- demonstrate that organisational focus is on tackling inequity for marginalised people in the UK
- primarily serve individuals experiencing one or a combination of: socio-economic disadvantage, racism and exclusion experienced by racialised communities, gender discrimination, LGBTQIA+ discrimination, place-based deprivation, and disability discrimination
- directly tackling inequity through products, services, training, or employment
Additional information:
The Growth Impact Fund provides support to prepare for investment:
- Grant funding to access guidance and support services in preparation for investment or to cover personal expenses through the process, for example, childcare.
- A dedicated portfolio manager for support through each step of the process.
- Investment templates and resources to guide and give transparency across the due diligence process.
It also provides support to activate investment:
- One-to-one support from a portfolio manager to help achieve growth ambitions.
- Access to a professional network, alumni, and opportunities for additional funding to continue growth.
- Access to pro bono legal support, corporate coaching, and mentorship.
- Additional grant support (if needed) for growth activities outside the scope of the investment.
Support organisation:
- UnLtd
Contact:
Nuala Smyth
Email:
nualasmyth@unltd.org.uk
Find out more:
Growth Impact Fund
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