East Midlands
Funds
Northern Impact Fund 2
Funds
Grace Enterprises
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Grace Enterprises run diverse social enterprises which employ and support people who would otherwise struggle to find and keep a job. Through a commercial cleaning company (Radiant Cleaners), a marquee hire company (Jubilee Events) and a biscuit-making company (Half the Story), they make a positive impact on those individual lives and to society at large.
Duration
5 Years
Cost of capital
7.5%
Turnover
£181,000
Investor Details
Social Investment Business
Amount invested
£60,000
Year of Investment
2024
Product type
Blended – part grant, part loan
Legal structure
Company limited by guarantee
Friends Provident Foundation
Investors
YMCA Robin Hood Group
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YMCA Robin Hood Group provide a range of frontline services across Greater Nottingham, York and East Riding, plus Newark & Sherwood, to encourage young people to belong, contribute and thrive. This includes residential settled care homes, supported housing and numerous support programmes. Explore how they used social investment to grow and innovate their service offering.
Duration
20 years
Cost of capital
Base + 2.8% for 3 years, then Base + 2.3% for 17 years
Turnover
£11.3m
Investor Details
Triodos Bank - Corporate Finance team
Amount invested
£9.75m
Year of Investment
2022
Product type
Charity bonds
Unsecured loan (incl. overdrafts)
Legal structure
Charitable Incorporated Organisation (CIO) / Charity
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