Mark212312
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Hi Guys
Bit off topic but I am currently a Director of a social Enterprise dishing out a governement contract to help get new business off the ground in socially deprived areas. As with everything at the moment we don't know if this funding will continue and so I am researching ways of creating a investment fund that can take the place of the government money. Spoke to a advisor already (Rathbones) and they have suggested setting up an ICVC with three CI funds attached (Cautious, Mixed, Risk) that could continue to invest in these businesses. We already have a set up similar to the Children in Need distribution panels so an element of the risk management has already been taken care of the rest I assume will be taken by the fund manager. Just wanted to know if any of you guys could think of a different way to do it? Obviously with these community investment funds the emphasis is on making a commercial AND social return so giving it all away to a fund manager wouldn't be top of the agenda if we can maybe keep it in house.
Thanks for any guidance.
Bit off topic but I am currently a Director of a social Enterprise dishing out a governement contract to help get new business off the ground in socially deprived areas. As with everything at the moment we don't know if this funding will continue and so I am researching ways of creating a investment fund that can take the place of the government money. Spoke to a advisor already (Rathbones) and they have suggested setting up an ICVC with three CI funds attached (Cautious, Mixed, Risk) that could continue to invest in these businesses. We already have a set up similar to the Children in Need distribution panels so an element of the risk management has already been taken care of the rest I assume will be taken by the fund manager. Just wanted to know if any of you guys could think of a different way to do it? Obviously with these community investment funds the emphasis is on making a commercial AND social return so giving it all away to a fund manager wouldn't be top of the agenda if we can maybe keep it in house.
Thanks for any guidance.
