Project: Investment Plus: Making Social Investment Go Further
City: London Grant: £59,750
Eastside Primetimers works with charities and social enterprises to provide consultancy support for CEOs and Boards who are seeking to increase the impact and effectiveness of their organisations.
Eastside Primetimers will work in partnership with Social and Sustainable Capital and the Key Fund to pilot the provision of post-investment support to 10 to 12 investee organisations. Support will be customised, co-developed and responsive to each social organisation, to be assessed using a diagnostic and rating system developed previously for Power to Change. The hypothesis is that post- (not just pre-) investment support can enhance the effectiveness of the social investment sector, improve investment outcomes, lower transaction costs, and potentially reduce investors’ risk in taking on unsecured investment.
If effective, the pilot will demonstrate a way to enhance the social investment offer so that it can better meet the needs of Voluntary, Community and Social Enterprises (VCSEs), lower transaction costs, and reduce the perceived risk of taking on unsecured social impact investments. Combining finance and support could become the de facto model of how to deliver social investment in the future.