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I realise that, but the original story was linked to the Liberal
Democrats conference and the structural support it mentioned Local
Impact Funds linked to Local Enterprise Partnerships (LEPs), which
don't exist in Scotland.<br>
<br>
<br>
<div class="moz-cite-prefix">On 07/10/2013 13:22, CMA-L wrote:<br>
</div>
<blockquote
cite="mid:CAG9ftO+Vc73eQ-uwQB1c-nB=HMA7LZNV2yr3Ob1bpV4qtqmWSQ@mail.gmail.com"
type="cite">
<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 moz-do-not-send="true"
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>
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<div class="gmail_quote">On 7 October 2013 12:56, Murray Dawson <span
dir="ltr"><<a moz-do-not-send="true"
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 moz-do-not-send="true"
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 moz-do-not-send="true"
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 moz-do-not-send="true"
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>
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<fieldset></fieldset>
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<pre cols="72">--
please reply to
<a moz-do-not-send="true" href="mailto:murray@shmu.org.uk" target="_blank">murray@shmu.org.uk</a>
Murray Dawson
Chief Executive
Station House Media Unit
Station Road, Woodside,
Aberdeen AB24 2WB
Tel - 01224 515013
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listen to our community radio station live on 99.8FM and at <a moz-do-not-send="true" href="http://www.shmufm.net" target="_blank">www.shmufm.net</a>
SHMU is a charity registered in Scotland - SC034211 and a registered Limited Company - SC332413
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<pre class="moz-signature" cols="72">--
please reply to
<a class="moz-txt-link-abbreviated" href="mailto:murray@shmu.org.uk">murray@shmu.org.uk</a>
Murray Dawson
Chief Executive
Station House Media Unit
Station Road, Woodside,
Aberdeen AB24 2WB
Tel - 01224 515013
<a class="moz-txt-link-abbreviated" href="http://www.shmu.org.uk">www.shmu.org.uk</a>
listen to our community radio station live on 99.8FM and at <a class="moz-txt-link-abbreviated" href="http://www.shmufm.net">www.shmufm.net</a>
SHMU is a charity registered in Scotland - SC034211 and a registered Limited Company - SC332413
This correspondence is confidential and is solely for the intended recipients. If you are not the intended recipient, you must not disclose, copy, distribute or retain this message or any part thereof.
If you are not the intended recipient, please delete this correspondence from your system and notify the sender immediately. No warranty is given that this correspondence is free from any virus.
Any views or opinions expressed in this correspondence do not necessarily reflect the views and opinions of Station House Media Unit.</pre>
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