Project: Social Investment Management Platform (Feasibility)
City: London Grant: £10,000
Homeless Link is the national membership network for 775 homelessness organisations, individuals and supported housing providers across England. The membership body works to make services for homeless people and people living in supported housing better and campaign to improve the policies that affect homeless people. Homeless Link has recently become a social investor via the Access Foundation Growth Fund.
Homeless Link will carry out a feasibility study to test the market for development of a management information product for social investors and develop a prospective product. Homeless Link believes that there are currently no single platform/software product to meet the need of fund managers to manage applications, assessments, decisions, due diligence, Know Your Customer (KYC) regulations, payments, repayments, credit control, monitoring and impact reporting.
The feasibility assessment will demonstrate how and whether the proposed management information software product can be of use for a range of stakeholders. The anticipated benefits include access to an excellent solution for social investors to manage their investment portfolio at a low cost; access to efficient online cloud-based tools for investees to apply for and report on their investment applications; and the possibility of better data from Growth Fund investors to increase the chance of success of social investors.