The Bike Project

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The Bike Project Team

The Bike Project are a charity that takes in second-hand bikes, refurbishes them and donates them to refugees and asylum seekers in the UK. The bikes help them to access food banks and other critical services as well as improving their general wellbeing. 

Duration
3-5 years
Cost of capital
3% on SITR. Revenue Participation capped at 1.2 x loan amount.
Turnover
£2.3m
Amount invested
£170,000 SITR loans + £50,000 Revenue Participation Agreemehttps://acrobat.adobe.com/?x_api_client_id=bookmark&x_api_client_location=Readernt

What is the Community Enterprise Growth Plan and Why Does it Matter? Have Your Say on the Future of Dormant Assets…

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On Saturday, the Dormant Assets consultation was launched to help the government make an informed decision on what should happen with the £738m+ made available via the scheme. At Good Finance, we are supporting the Community Enterprise Growth Plan . This post explores what that is and crucially...

Cornerstone Place

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Cornerstone Placce

Cornerstone Place is a social enterprise which supports homelessness charities to add fit-for-purpose properties to their portfolios.  Our unique ‘Shared Upsides’ model transfers more than 50% of the value in our project to our charity partners.

Duration
15 Years
Cost of capital
4.3%
Turnover
£0 (pre-trading)
Investor Details
Key Fund
Amount invested
£240,000 loan + £51,640 grant
Product type
Blended – part grant, part loan

Freedom Foundation

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Freedom Foundation

Freedom Foundation is a Nottingham based social enterprise working to improve children’s physical and mental wellbeing through music, dance, and mentoring.

Duration
5 years
Cost of capital
6.5%
Turnover
£121,588
Investor Details
Key Fund
Amount invested
£79,970 (£23,100 loan, £56,870 grant)
Product type
Blended – part grant, part loan

Guarantee

is an agreement between an investor and the guarantor of an organisation wanting to take on social investment if the debt cannot be repaid by the investee, the guarantor will step in to cover the costs.

 

Ambition Community Energy

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Win Turbine courtesy of Ambition Lawrence Weston / The Landmark Practice

Ambition Community Energy (ACE), is a Bristol-based social enterprise generating clean, affordable energy, run by the people of Lawrence Weston. 

Duration
3-5 years (depending on tranche)
Cost of capital
5%
Turnover
Nil
Investor Details
BBRC
Amount invested
£750,000 (+ £150,000 from Power to Change)
Product type
Unsecured loan (incl. overdrafts)
Secured loan

Heart, Soul and Cold Hard Cash

Blog
This piece, contributed by Eloise Malone FRSA, Executive Creative Director from Effervescent, explores the role of lived experience and how to be ready for social investment when investment is a whole new world for you.