The New Anglia Social Investment Partnership (NASIP) is led by Community Action Suffolk with Voluntary Norfolk, Suffolk County Council, Norfolk County Council and Orbit Housing.
The Partnership aims to support voluntary and community organisations and social enterprises to grow and thrive by accessing appropriate social finance to increase their social impact for the people of Norfolk and Suffolk.
NASIP transitioned from the success of the Supporting Social Investment in Suffolk project funded by the Connect Fund and managed by CAS from 2018-2020.
On the 10th March 2021, NASIP will be hosting a roundtable discussion. You can read more about the event here.
Want to know more about social investment? Take a look at the resources below.
What is Social Investment?
Social Investment (SI) is the use of repayable finance to achieve a social as well as a financial return. This means that the investor will expect their money back (usually with interest), but they will also be investing in social impact that is created by the work that your charity or social enterprise is doing.*
*Definition from Big Society Capital
Who is it for?
SI isn’t right for every project/organisation; your project needs to generate enough of a surplus to generate a return for the investor, support sustainability and have a social impact. Your legal structure will impact on the types of investments you can access.
How much does it cost?
SI may be ‘more expensive’ than other lenders but can have a range of benefits for the sustainability of your organisation, such as support with financials before and during investment, help to diversify and strengthen your board and/or support developing business plans.
What are the options?
SI can broadly be separated into three types: debt finance, equity and quasi-equity finance.
New to the world of social investment? Social Investment left you confused?
Good Finance have produced these ‘7 things to know about Social Investment’ as a very useful quick guide. This work was inspired by ‘Is taking on debt good finance? Lessons from those who have done it’, by Melanie Mills, Senior Director, Big Society Capital.
Tel: 07391 419887
Good Finance – Their mission is to help organisations navigate the world of social investment.
Social Investment Business Group – They have some grants and funds available for groups to become ‘investment ready’.
Big Society Capital – A wealth of information and resources around SI, including ‘Get Informed – Investment Readiness for Boards’
Impact Measurement Data Diagnostic Tool – Impact Measurement is of increasing importance to organisations and vital for social investment. A new tool from Access Impact; Data Diagnostic, asks 10 questions to create a bespoke report about the kind of data you could consider collecting and your best approach for this. It works best for organisations delivering programmes or services.