Funding Social Entrepreneurs
Venturesome fills the gap in the financing spectrum between grants and bank loans by providing risk capital and advice to small and medium social enterprises that are UK based. Venturesome generally provides three types of finance:
- Pre-funding capital fundraising: bridging finance for fundraised projects
- Working capital: underpinning cash flow/ financial stabilisation
- Development capital: building new streams of income generation
As traditional grant-makers become more strategic, some are beginning to augment their grant-making toolkit, by, for example, providing loans or supporting intermediaries such as Venturesome in the social sector. They also are more often funding core costs, over a longer term, and focusing on fewer charities. Additionally, private investors increasingly are interested in blended value investing – or seeking both a social and financial return from their investments.
Read more about this topic: Venturesome Fund
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