<p>All national references on the site are to the UK.<strong><br></strong></p><p><strong>The Social Investment Forum</strong> is a network for
providers of social investment and social finance and is chaired by
Social Enterprise UK. The Forum offers its members an opportunity to
discuss and debate key policy recommendations and work with government,
politicians and other key opinion formers on the development of the
market. The Forum is a member of the Social Economy Alliance. <br><a href="http://www.sibgroup.org.uk/socinvforum/">sibgroup.org.uk/socinvforum</a>
</p>
<p><strong>The Social Investment Business Group</strong> (SIB Group),
the largest social investor in the UK, exists to help social
enterprises, charities and community organisations do more of what they
do best – supporting people and communities most in need.
</p><div>Community Media Association<br>-- <br><a href="http://www.commedia.org.uk/" target="_blank">http://www.commedia.org.uk/</a><br><a href="http://twitter.com/community_media" target="_blank">http://twitter.com/community_media</a><br>
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<br><div class="gmail_quote">On 7 October 2013 12:56, Murray Dawson <span dir="ltr"><<a href="mailto:murray@shmu.org.uk" target="_blank">murray@shmu.org.uk</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
<div text="#000000" bgcolor="#FFFFFF">
It's not clear from the link, but I presume that this is not a UK
wide initiative?<br>
<br>
It would be useful if it was made clear in the subject headers of
emails like this who can benefit.<br>
<br>
Thanks<br>
<br>
Murray<div><div class="h5"><br>
<br>
<div>On 07/10/2013 12:26, CMA-L wrote:<br>
</div>
</div></div><blockquote type="cite"><div><div class="h5">A new funding model that promises to provide simple
finance for local charities and social enterprises was launched at
a fringe event hosted by the <a href="http://www.sibgroup.org.uk/" target="_blank">Social Investment Forum</a>
at the Liberal Democrat party conference recently.<br>
<br>
The Local Impact Fund model is outlined in a prospectus published
by the Social Investment Business Group called <a href="http://www.sibgroup.org.uk/lif/" target="_blank">"Growing
a local social economy"</a>. The publication highlights the
economic and employment benefits of supporting the local sector,
in addition to the social impact. It also shows how a locally led
solution to social investment will target resources where they are
needed most. <br>
<br>
Local Impact Funds will be led by local sector bodies and will
bring together local and national partners and investors to
provide tailored support for charities and social enterprises
throughout their investment journey; from investment readiness
support and mentoring to help them to develop their business
plans, to loans and other investment products to help them scale
up, develop assets and grow. <br>
<br>
The funds are designed in a way to work closely with Local
Enterprise Partnerships (LEPs) so that EU funds, which the LEPs
will be in charge of distributing from 2014, could potentially
form part of the investment mix. Local Impact Funds are being
tested as a future recognised Financial Engineering Instrument
(FEI) by the government and have been included in official
guidance to LEPs as they develop their strategies for using EU
monies from next year. <br>
<br>
Other investors can include national investors like the SIB Group
and Big Society Capital, along with local investors like CDFIs,
local authorities, community foundations and individuals. This mix
of investors will allow the funds to meet the needs of the local
sector by providing early stage support, as well as smaller loans
with a high appetite for risk. <br>
<br>
A broad partnership of local and national organisations have
joined together to support the initiative.<br>
<br>
Source: <a href="http://www.sibgroup.org.uk/news/news/2013/local-impact-funds-to-provide-a-new-kind-of-finance-for-charities-and-social-enterprises/" target="_blank">http://www.sibgroup.org.uk/news/news/2013/local-impact-funds-to-provide-a-new-kind-of-finance-for-charities-and-social-enterprises/</a><br>
<br>
Community Media Association<br>
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<br>
<fieldset></fieldset>
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