Social Value Investment / CPCA/ on-going
The SIIF was created to bridge the gap between what social ventures need and what traditional finance offers. We understand that many impactful organisations struggle to access patient and flexible capital that prioritises their mission to deliver social value over financial returns.
The SIIF is here to change that. By offering grants and social loans, the SIIF provides tailored support that empowers social ventures to achieve both their social and financial objectives, while fostering community development and economic growth.
Social Impact: To support organisations that create significant positive social outcomes
Financial Sustainability: To create a model for sustainable future social investment, particularly for those who cannot access traditional financial solutions
Good Growth: To stimulate economic and social development in the Cambridgeshire and Peterborough area.
The SIIF offers three key funding instruments:
- Grants: Non-repayable funds of £10,000 – £25,000; Best suited for charities or early-stage social enterprises with high social impact potential.
- Social Loans: Affordable loans of £10,000 – £75,000; Best suited for growing social ventures who want to transition to more commercial forms of capital.
- Revenue Participation Agreements (RPAs): An innovative funding model where capital of £10,000 – £75,000 is provided in exchange for a share of future revenues over a period; Best suited for revenue-generating organisations looking to grow without the pressure of traditional debt.
Grants are well-suited for non-profits or early-stage social ventures, while loans and RPAs are designed to drive growth and instil financial discipline in early to mid-stage companies, positioning them for larger, more traditional forms of capital, such as debt and equity.
To apply for any of the funding options under the Social Impact Investment Fund (SIIF), your organisation must meet the following eligibility criteria:
Location: Your organisation must be based in the Cambridgeshire and Peterborough Combined Authority (CPCA) region, including Peterborough, Fenland, Huntingdonshire, East Cambridgeshire, South Cambridgeshire, and Cambridge.
Social Impact Mission: Your organisation should have a clear social impact mission and a commitment to creating positive social outcomes in the local community, especially in line with CPCA’s aims to reduce inequality, create jobs, boost the economy, affordable housing, and build environmental resilience.
Capital Use: The grant and loan funding must be used for capital projects that contribute to growth, development, or expansion of the organisation, such as new product development, entering new markets, or increasing operational capacity to serve more customers and beneficiaries.
Financial Viability: Applicants must demonstrate financial stability and a realistic plan for sustainability.
Compliance: Organisations must comply with relevant legal, regulatory, and governance requirements, including subsidy control rules, as applicable.
https://futurebusinesscentre.co.uk/programmes/cpca-social-impact-investment-fund/
