Visit https://aucasinosonline.com/ to play online caisno games.
Nesta, the UK’s innovation foundation, has announced the first closing of a new £25m impact investment fund, Nesta Impact Investments, through its wholly-owned subsidiary, Nesta Investment Management.
Nesta Impact Investments brings together Nesta’s experience of early stage venture capital and impact investment to invest in organisations developing innovative solutions to address social challenges facing the UK.
The fund will invest where there is potential for scalable social impact and financial viability.
Investments will be evaluated against Nesta’s Standards of Evidence for Impact Investing, launched alongside the fund.
With a target size of £25m, the new fund represents a step change in the investment available for social innovation in the UK.
Over £17.5m of commitments have been made for this first closing.
Alongside Nesta, the current investors in Nesta Impact Investments are Big Society Capital and Omidyar Network.
The fund will substantially increase the supply of risk capital for social ventures at a time when their innovations are greatly needed.
The UK is facing major social and economic challenges[i]: one in six 16-24 year olds are not in employment, education or training (NEETs); half of NHS spending is committed to over 65 years olds and set to rise by 65 per cent in the next 25 years and 5 million households in the UK live in fuel poverty, half of whom are in the bottom 10% of household incomes.
The fund will make investments in innovative social ventures that address core social concerns in the areas of the:
Health and wellbeing of an ageing population
Educational attainment and employability of children and young people
Sustainability of communities.
Joe Ludlow, director of Nesta Investment Management, said: “Nesta Impact Investments will be investing in higher-risk early stage innovations where we intend to create value for those benefitting from the social innovations we back and for our investors.
"Nesta has long been at the vanguard of supporting social innovation whether through research, funding programmes or investing in early stage technology.”
Nesta has a track record of backing many successful high impact social innovation programmes and ventures, providing funding, skills, networks and other resources.
With Nesta’s support, a range of high impact, sustainable and scalable social innovations have been developed.
Increasingly technology is at the core of such innovations, tackling issues through increased collaboration, connection, information, accessibility and inclusion whilst reducing cost of service delivery.
“Nesta Impact Investments promises to catalyse a crucial, emerging sector,” said Matt Bannick, managing partner of Omidyar Network.
“We believe the focus on tech-enabled, early-stage platforms is part of a winning strategy that will help prime the pump with innovative and scalable solutions to some of society’s most pressing challenges.”
Nick O’Donohoe, CEO, Big Society Capital, said: “There is clearly a gap in the market for early stage investment in social ventures and Nesta is extremely well placed to address this.
"Also, the work Nesta has done on evidencing outcomes establishes a high standard for others to follow. We are very excited to be able to support this ground breaking initiative.”
Nick Hurd, minister for Civil Society, added: "Nesta's first Impact Investment Fund is another welcome milestone in the UK's growing social investment market.
"We are getting increased interest from investors and intermediaries, which is exactly what we wanted to see in response to creation of Big Society Capital.
"We are determined to make it easier for charities and social enterprises to access finance so that they can expand their services and develop better solutions to our social problems."
Ludlow concluded: “The fund has been established to focus on high impact innovations and so we will be placing great emphasis on evidencing the impact of the investments that the fund makes, ensuring that capital flows to the innovations that can increasingly demonstrate real impact in society.”
Nesta has developed Standards of Evidence for Impact Investing as a framework for assessing the impact performance of Nesta Impact Investments.
Charity Times editor Matt Ritchie covers some of the recent news around government grant funding
Find best live dealer casinos review at https://livedealercasino.online/