The work of Trust for London is not limited to making grants; we also use our resources to tackle poverty and inequality in other ways. One of the ways we do this is through social investment. We call this strand of our work ‘Capital for London’.
Entirely separate from our grant making, social investment (sometimes called ‘mission related investing’) allows us to offer organisations the financial investment they need to support work which generates an income whilst delivering social returns. For example, a community organisation that needed funds to start a trading venture or to scale up its capacity to deliver contracted services, could be funded in this way.
This type of support can help organisations to diversify their funding base, reduce their reliance on grant funding and increase their social impact. Typically our social investments will be loans or equity but, unlike grants, must be repaid with interest. Whilst we can be flexible about the size or type of investments we make (and how much interest we will charge), all investments of this type must deliver useful social outcomes.
We therefore want to hear from organisations (with a viable business case) seeking or considering investment as a way to help them develop sustainable work with positive outcomes for society. Like our grants, our social investments can only support work that benefits Londoners, but we look at each opportunity on a case-by-case basis and are happy to discuss early investment ideas with you.
Importantly, making social investments does not affect the amount of funding we have available for grant making.
Currently, we have £8.2 million invested in projects that are delivering important social benefits. Two recent examples include:
- A £150,000 loan to Bathtub2boardroom to help expand its services supporting new entrepreneurs.
- A £250,000 loan to K10 to help it increase the number of excluded Londoners accessing high quality apprenticeships in the construction industry.
One significant investment (£2 million of equity) has helped create the Foundry – a large scale project that brings together some of London’s most innovative and progressive social justice and human rights organisations in an affordable award winning building.
We’re listed on Good Finance, a website to help charities and social enterprises navigate social investment.
Capital for London: what we will invest in
Capital for London FAQs
From our Twitter
It’s a week to go until #LDNChallengePoverty Week! It’s a chance to raise your voice against poverty and show what needs to be done to #SortItOut . There’s still time to be a part of it - find out how to get involved on the website http://www.londonchallengepovertyweek.org.uk pic.twitter.com/kgGTZw6ED47 Oct 2019
It’s your last chance to apply for our Head of Communications vacancy! Closing tomorrow at 9am, come and join the trust as we continue to spread the word of how we can tackle #poverty and #inequality across the capital #jobalert #funderjobs #charityjob https://www.trustforlondon.org.uk/about/vacancies/headofcommunications/ …13 Oct 2019
Thank you to everyone who joined the pilot of our social policy innovation accelerator with @RCA 's Jeremy Myerson. We tackled future of work challenges in the service sectors on #WorldMentalHealthDay @trustforlondon11 Oct 2019
Fab to be at the @Media_Trust @CityBridgeTrust ‘Telling Your Stories’ event this afternoon where they shared their inspiring #volunteerfilms made for and with some incredible charities to promote their voice #StrongerVoices pic.twitter.com/HGIljJvAZk10 Oct 2019
Very excited to be adding the voice and experience of @equalitytrust London advocacy at this event thanks to funding from @trustforlondon and @thetudortrust https://twitter.com/ATDFourthWorld/status/1182274615198015489 …10 Oct 2019