Social and Sustainable Capital (SASC) has re-launched its £30 million offering as The Third Sector Investment Fund.
The key changes to the fund are longer investment periods of up to 15 years, more flexible repayment terms and a promised higher levels of support. As before, potential investees must be able to demonstrate their social impact.
The UK fund manager and social enterprise offers UK charities and social enterprises secured and unsecured loans, finance for payment by result (PBR) contracts, and quasi-equity investments from £150,000 to £3 million. The organisation is supported by the Social Investment Business Foundation, Big Society Capital and Santander.
Benjamin Rick, Co-founder and Managing Director of SASC said, “The re-launch of our fund has been a collaborative process. We listened to charities and social enterprises to find out what they really want from social investment. We fine-tuned the existing structure based on their feedback and the new fund is more accessible to a wider range of investees.”
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