Finance 2009

New investments 2009 - Drawn down

Community Land Trusts - £875,000
To help develop affordable community owned rural housing. The fund is managed by Venturesome.

Ecology Building Society - £750,000
A long term loan to the society to support sustainable housing

Triodos Bank - £750,000
To invest in and support growth social enterprises

Bridges Community Ventures - £750,000
To invest in and support growth social enterprises

New Economics Foundation - £125,000
To help support the core income of New Economics Foundation by investing in its consulting arm.

The Woodland Trust - £460,000
The purchase and short term ownership of Maryland / Overtoun Farm at Dumbarton, Scotland until Woodland Trust are able to purchase.

Venturesome - £750,000
Investment in a standby/bridging fund of £500,000, and £250,000 to the development fund over five years, to support charities in need of temporary finance.

Committed but not drawn down at 31 December 2009

UnLtd - The Foundation for Social Entrepreneurs - £250,000
Underwriting of earned income of UnLtd Ventures to support the growth of its investment readiness service.

Big Issue Invest - £750,000
To invest in and support growth social enterprises.

New Economics Foundation - £75,000
A grant for the Head of Business and Finance post.

Total - £1,075,000
No of Grants - 3

Further investments of £3.1m have been approved by the Finance Fund Panel and are subject to the agreement of terms at 31 December 2009, making a total commitment of £4.2m at year end.

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