What type of investment do we make?
We consider all types of investment vehicles, including loans, social impact bonds and equity and quasi-equity investments. Where the investment is in a product of a local nature we are more likely to invest if it is based in the Birmingham area.
We will only make an investment in a non-charitable company in the following circumstances:
- The social mission of the non-charitable company is in line with the aims of the Trust.
- Any private benefit arising from the investment is necessary, reasonable and in the interests of the Trust.
- Any private benefit is not excessive and the investment is clearly for the public benefit.
- Where there is the opportunity for considerable economic gain by the company then the Trust will benefit from that gain (e.g. by holding an equity stake rather than advancing a loan).
The following are our current investments in alphabetical order:
Ashley Community Housing
Sharia compliant investment in housing association to finance purchase of properties for short term accommodation for people with refugee status. www.ashleyhousing.com
Big Issue Invest Social Enterprise Fund
Investment in fund to provide risk capital for social enterprises. Big Issue Invest
Bristol Together (BT)
3% 5 year bond to provide working capital for buying and refurbishment of properties, to provide work and training opportunities for ex-offenders in Bristol. www.bristoltogether.co.uk
Equity investment in Charity Bank to support the growth and development of the bank. Charity Bank lends funds to charities and social enterprises.
Investment in Community Channel, a Community Benefit Society which publicises the work of community groups and the voluntary sector on television and online, to enable it to expand and develop its activities and reach a wider audience.
Community Share Underwriting Fund
Investment in fund to provide medium term finance to support community share issues. www.resonance.ltd.uk/fund/community-share-underwriting-fund
Energise Innovation Ltd
Social Impact Bond, funded by Department of Work and Pensions Innovation Fund, aimed at reducing the number of young people at risk of becoming NEET (Not in Employment, Education or Training) through working with schools across the Thames Valley. The project has been completed and the bulk of funds repaid.
Essex Looked After Children Social Impact Bond
Social Impact Bond, funded by Essex CC, to finance project working with families of young people at risk of being taken into care. www.socialfinance.org.uk/impact/young-people
Loan to Ethex, an internet-based social investment club to facilitate information and trading of social investments. www.ethex.co.uk
Fair Chance Rewriting Futures Ltd
Social Impact Bond funded by Fair Chance Fund to finance St Basils’ work to improve accommodation and work outcomes for vulnerable young homeless people in the Midlands.
Fair For You
Loan to finance set up costs and loan fund to provide affordable credit to low income households to buy household goods. www.fairforyou.co.uk
Equity and loan investment in the Foundry, which provides meeting space and office space for social justice organisations in Vauxhall in south London. www.aplaceforchange.co.uk
Golden Lane Housing
Charity Bond issued by Golden Lane Housing to provide capital for purchase of properties for people with learning disabilities. The £10 million raised from the bond issue were used to buy and adapt 27 properties providing homes for 99 people with a learning disability.
A 4% 5 year bond issued by Midlands Together to provide working capital for buying and refurbishment of properties, to provide work and training opportunities for ex-offenders in the West Midlands.
Peterborough Social Impact Bond
Social Impact Bond to reduce reconviction rates among prisoners serving sentences less than one year at Peterborough prison. The delivery of the project has been completed.
Social Venture Fund II
An investment in the Germany-based fund to provide capital for social enterprises throughout Europe. www.socialventurefund.com/en
£250,000 loan to Street UK to finance loan fund to provide affordable short term credit to low income households in the Birmingham area.
T&T Innovation Ltd
Social Impact Bond, funded by Department of Work and Pensions Innovation Fund, aimed at reducing the number of young people at risk of becoming NEET (Not in Employment, Education or Training) through working with schools in the north-west. The project has been completed and the bulk of funds repaid.